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New CARS Rule Protects Consumer and Combats Bait n Switch & Junk Fees

New CARS Rule Protects Consumer and Combats Bait n Switch & Junk Fees
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United statesMike stantonLinam khanNational automobile dealers associationDepartment of defenseFederal trade commissionCombating auto retail scamsTotal paymentAdd ons optionalBogus add onsConsumer consentActing dod under secretaryProposed rulemaking

FTC Passes CARS Rule to Fight Scams in Vehicle Shopping

The Federal Trade Commission has finalized a new rule to fight two common types of illegal tactics consumers face when buying a car: bait-and-switch tactics and hidden junk fees. The new rule is expected to save consumers nationwide more than $3.4 billion and an estimated 72 million hours each year shopping for vehicles.

United statesLinam khanDepartment of defenseFederal trade commissionCombating auto retail scamsTotal paymentAdd ons optionalBogus add onsConsumer consentActing dod under secretaryProposed rulemakingBan junk feesBait and switch tactics plaguing car

Form 424B2 TORONTO DOMINION BANK

Form 424B2 TORONTO DOMINION BANK
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FTC issues final CARS Rule setting new requirements on vehicle sales | Ballard Spahr LLP

On December 12, 2024, the Federal Trade Commission (“FTC”) announced its Combating Auto Retail Scams Rule, otherwise known as the “CARS Rule,” setting new requirements on the sale,.

District of columbiaUnited statesMike stantonDaniel dwyerSanya shahrasbiRichard hackettPaul metreyRegulatory affairsBureau of consumer protectionIt mobilityHouse appropriations committeeDivision of financial practiceAmerican financial services associationNational automobile dealers associationOvantage credit unionUnited states department of defense

Form 424B2 TORONTO DOMINION BANK

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