The Los Angeles County Board of Supervisors has approved a temporary increase to the existing penalty for those found guilty of price gouging, raising the maximum civil fine from $10,000 to $50,000 for each violation.

After recent studies showed thousands of rental listings in Los Angeles appearing to violate price gouging laws in Los Angeles after the California wildfires, LA County raised the penalty for price gouging from $10,

The Los Angeles County Board of Supervisors approved a motion Tuesday to increase the penalty for price gouging to a maximum of $50,000 per violation.

Topline: The penalty for price gouging after the fires in Los Angeles County just got a lot more expensive. The new max fine: The L.A. County Board Supervisors voted Tuesday to in

President Trump while on the campaign trail proposed eliminating taxes on Social Security benefits. "Seniors should not pay taxes on Social Security," he commented on social media in July. Importantly, Trump is not the only politician to float that idea, nor is support limited to one political party.

The County Counsel was also authorized to consider initiating or joining existing litigation regarding price gouging and price fixing algorithm software used by housing websites.