Our Consumer Protection/FTC Team examines how an Federal Trade Commission action against an auto dealer signals a continued focus on deceptive add-on fees and discrimination against.
A rule recently proposed by the Federal Trade Commission would substantially and immediately transform how car dealers interact with customers in the automotive financing process and while its effects on the automotive lending market could take longer to be felt, they would still be significant, say attorneys at Morgan Lewis.
By a 4-1 vote on June 23, 2022, the US Federal Trade Commission (FTC) issued a notice of proposed rulemaking that is squarely aimed at changing the way dealers interact with customers.
Advocates claim automobile dealers are legally allowed to give different interest rates to people based on their race. Officials in Connecticut and New York are ready for a change.
CAR BUYERS OF COLOR ESPECIALLY VULNERABLE TO FRAUD, REPORTS FEDERAL TRADE COMMISSION el-observador.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from el-observador.com Daily Mail and Mail on Sunday newspapers.