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February 17, 2015 - Industry News

FTC Approves Final Order in Texas Auto Dealer’s Deceptive Ad Case

The FTC unanimously approved a final order settling its deceptive advertising complaint against Dallas-based Trophy Nissan, which was charged on Dec. 23 with violating the FTC Act, the Consumer Leasing Act and the Truth in Lending Act.

Tags: Consumer Leasing Act, Deceptive Advertising, Federal Trade Commission, Regulation M, Regulation Z, Trophy Nissan, Truth in Lending Act

December 30, 2014 - Industry News

Moody’s Sees Silver Lining in Regulatory Scrutiny of Auto Finance

Moody’s expects the performance of new and outstanding auto loan ABS deals to suffer temporarily due to current regulatory activity, but it does see a silver lining in the increased scrutiny of the auto finance marketplace.

Tags: Auto ABS, compliance, Federal Trade Commission, Moody's Analytics, Regulations, subprime

December 12, 2014 - Industry News

FTC Takes Action Against Two Dealer Groups for Deceptive Advertising

The FTC took action against two dealer groups it targeted in 2012 for deceptive advertising. They were charged with violating the FTC's orders prohibiting them from deceptively advertising the cost of financing or leasing a car.

Tags: Deceptive Advertising, Department of Justice, Federal Trade Commission, Truth in Lending Act

September 2, 2014 - Industry News

FTC Updates Fees for 'Do Not Call' Registry

Starting Oct. 1, telemarketers accessing phone numbers on the National Do Not Call Registry will pay $60, an increase of $1, for access to Registry phone numbers in a single area code.

Tags: Do Not Call, Federal Trade Commission, FTC, telemarketing

July 22, 2014 - Industry News

RouteOne to Cover Regulator Scrutiny of F&I Products in Upcoming Webinar

RouteOne attorney Joseph Karam and National Business Development Manager Jesse Pappas will discuss the forthcoming scrutiny of F&I products by the CFPB and the FTC during a webinar on July 23.

Tags: CFPB, compliance, Consumer Financial Protection Bureau, F&I products, Federal Trade Commission, FTC, RouteOne, webinar

June 26, 2014 - Industry News

11 Consumer Groups Ask FTC to Crack Down on CarMax

A coalition of consumer-protection groups asked the FTC to investigate CarMax for selling recalled vehicles. CarMax officials claim the chain is doing the best it can with a broken system.

Tags: CarMax, consumer advocates, Deceptive Advertising, Federal Trade Commission, Recall

May 13, 2014 - Industry News

FTC Approves Deceptive Advertising Settlement

The FTC has approved final consent orders settling charges that Nissan North America Inc. and an advertising agency deceptively advertised a Nissan Frontier truck pushing a dune buggy up a steep hill, something the truck cannot do.

Tags: Deceptive Advertising, Federal Trade Commission, Nissan, Settlement

April 1, 2014 - Industry News

FTC: Sunday Auto Sales Ban Harms Competition

The Federal trade Commission issued a letter last week in support of legislation that would overturn Illinois’ long-standing ban on Sunday car sales. Dealers in the state, however, remain steadfastly opposed to the bill.

Tags: Federal Trade Commission, FTC, Illinois, legislation, Senate

March 27, 2014 - Industry News

Mass. Dealer Settles With FTC Over Deceptive Ads

After the FTC discovered that it was not disclosing substantial fees in its advertising, Courtesy Auto Group is now barred from stating the amount of any payment in its ads without disclosing the terms.

Tags: Deceptive Advertising, Federal Trade Commission, FTC, Settlement

March 18, 2014 - Industry News

FTC Charges Ark. Dealer With Not Displaying Buyers Guides

After being warned that it was failing to adhere to the FTC’s Used Car Rule, the Abernathy Motor Co. was charged with not displaying a Buyers Guide on used vehicles offered for sale. Each violation could result in a civil penalty of up to $16,000.

Tags: Buyers Guide, Federal Trade Commission, FTC, Used Car Rule

February 11, 2014 - Industry News

FTC Settles With Two Dealers for Deceptive Advertising

By unanimous vote, the Federal Trade Commission approves final orders settling charges against two dealers for deceptive advertising.

Tags: car dealer, Deceptive Advertising, Federal Trade Commission, FTC, Settlement

February 4, 2014 - Industry News

NADA Adds Guidance for Dealers about Data

The NADA issued at its annual convention an addendum to the dealer data guidance it released this past summer. It includes a sample vendor agreement that lays out limitations on what data tech vendors can access from dealers.

Tags: Data, dealership management system, Federal Trade Commission, identity theft, NADA Convention & Expo, National Automobile Dealers Association, Senate Banking Committee

January 9, 2014 - Industry News

FTC Charges 10 Dealers With Deceptive Advertising

The Federal Trade Commission announced today that an enforcement sweep has netted 10 dealers in seven states for deceptive advertising practices.

Tags: Deceptive Advertising, Federal Trade Commission, Violations

December 3, 2013 - Industry News

Telemarketer Ordered to Pay $5.1M to Victims of Car-Buying Scam

At the FTC’s request, a Canadian telemarketer was ordered by the court to pay more than $5.1 million to victims of a car-buying scam committed on sites like eBay and Craigslist.

Tags: claims payments, Federal Trade Commission, fraud, telemarketing

September 6, 2013 - Industry News

NADA Issues Dealer Data Guidance

The NADA issued a memo to members last week that outlines regulatory requirements for protecting the consumer information they collect. The memo follows warnings about data access from the FTC and F&I and Showroom columnist Jim Ziegler.

Tags: Brittany-Marie Swanson, Data, data protection, DMS, Federal Trade Commission, Gramm-Leach-Bliley, NADA, National Automobile Dealers Association

September 3, 2013 - Industry News

2 Dealers Accused of False Advertising Settle With FTC

As part of their settlement with the FTC, two dealers from Maryland and Ohio are prohibited from advertising discounts or prices unless the ads clearly disclose any qualifications or restrictions.

Tags: false advertisements, Federal Trade Commission, FTC, Settlement

August 15, 2013 - Industry News

Certegy Settles With FTC for Fair Credit Act Violations

Certegy Check Services Inc. has agreed to pay $3.5 million to settle Federal Trade Commission charges that it violated the Fair Credit Reporting Act.

Tags: compliance, Fair Credit Reporting Act, Federal Trade Commission

February 26, 2013 - Industry News

Identity Theft Tops FTC's Complaint List for 2012

Last year was a record-breaking year for consumer complaints received by the FTC, and identify theft once again topped the list.

Tags: 2012, automotive, CFPB, Complaints, consumer, Federal Trade Commission, fraud, FTC, identity theft, Internet, Security, top consumer complaints, wage

October 16, 2012 - Industry News

FTC Releases 2012 ‘Do Not Call’ Registry

The number of registered numbers and complaints about unwanted telemarketing calls increased in this year’s registry.

Tags: DNC, Do Not Call, Federal Trade Commission, FTC, National Do Not Call Registry Data Book for Fiscal, Robocalls

May 1, 2012 - Industry News

Hudson Cook Adds Former FTC Exec as Partner

Hudson Cook LLP announced today that it has added Joel Winston as partner in its Washington, D.C., office. He worked for the Federal Trade Commission from 1976 to 2011.

Tags: Federal Trade Commission, Hudson Cook LLP, identity theft, Red Flags Rule

April 3, 2012 - Industry News

DealerTrack Offers Compliance Audits to Subscribers

DealerTrack's new Audit Protect program generates electronic audit reports and offers offline call support to subscribers of the company's compliance solutions.

Tags: compliance, Dealertrack, Federal Trade Commission

October 27, 2011 - Industry News

FTC to Hold Third Roundtable in Washington, D.C., Next Month

At its next ‘Listening Tour’ event, slated for November, the Federal Trade Commission will discuss the information it has picked up at its previous two roundtable gatherings.

Tags: Federal Trade Commission, Finance, leasing, new-vehicle leasing, vehicle leasing

July 7, 2011 - Industry News

FTC Announces Second Roundtable Event

The Federal Trade Commission’s second roundtable will be staged at St. Mary's University School of Law on Aug. 2-3.

Tags: CFPB, compliance, Consumer Financial Protection Bureau, Dodd-Frank Act, FEDERAL REGULATION, Federal Reserve, Federal Trade Commission, Hudson Cook LLP, Regulations

May 17, 2011 - Industry News

FTC Finds Auto Dealers Compliant With Consumer Protection Rule

After completing its investigation of nearly 50 automobile dealers, the Federal Trade Commission reported that it found broad compliance with the agency’s Rule of Concerning Preservation of Consumers’ Claims and Defenses, more commonly known as the “Holder in Due Course” Rule.

Tags: Federal Trade Commission

January 25, 2011 - Industry News

GAP Deductible Under Threat in California

New disclosure requirements being considered by the Federal Reserve Board (FRB) for loan insurance products aren’t the only threat to core F&I offerings like GAP. In California, product providers are racing to notify dealers that one of the key selling feature of GAP might be barred since a new law took effect on Jan. 1.

Tags: Consumer Financial Protection Bureau, credit insurance, Federal Reserve, Federal Trade Commission, GAP, NADA