The enhanced penalties took effect on January 10th and will impact the Combating Auto Retail Scams (CARS Rule) and existing violations for unfair and deceptive acts and practices.
Full Article: https://complynet.com/resources/articles/enhanced-penalties-for-ftc-violations-in-2024
The Federal Trade Commission and the State of Connecticut are taking action against an auto dealer, its owner, and several key employees for systematically deceiving consumers about the price of certified used cars, add-ons, and government fees.
The Federal Trade Commission rejected request by the National Automobile Dealers Association, National Association of Minority Automobile Dealers and American International Automobile Dealers Association for more time to comment on the agency’s proposed rules on their industry’s advertising and F&I practices.
Full Article: https://www.autonews.com/finance-insurance/ftc-rejects-requests-nada-others-more-time-comment-car-dealer-rules
When it comes to voluntary protection products, such as guaranteed asset protection, debt cancellation, credit insurance, service contracts, and vehicle protection products, the hottest topic this summer seems to be the Federal Trade Commission’s Motor Vehicle Dealers Trade Regulation Rule…
Full Article: https://www.jdsupra.com/legalnews/states-are-joining-the-war-on-voluntary-3795919/