CFA Urges Virginia Corporation Commission to Regulate Towing Rates

CFA and the Virginia Poverty Law Center filed a comment with the Virginia State Corporation Commission asking it to regulate private property towing rates in Virginia. The comment asks the SCC to set a standardized, maximum rate that accounts for the impact of expensive and unexpected towing fees on individual consumers, provide clear and public guidelines about the methodology for calculating and implementing changes to towing rates, and ensure that the SCC is authorized to pursue violations and resolve consumer disputes. Virginia's laws regarding private property towing are disparate and complex, and there is a strong need for a state regulator to take meaningful steps to ensure that legitimate towing practices do not turn into predatory and unrestrained practices.