Agency alleged that 8 dealerships charged illegal junk fees, discriminated against black buyers.
The Federal Trade Commission has proposed new regulations that target dealership ads and F&I practices.
The FTC hopes the proposed rule will save consumers time and money and ensure a level playing field for honest dealers.
Agency updates Safeguards Rule to better protect the American public from breaches and cyberattacks that lead to identity theft and other financial losses.
If dealers observe a modicum of compliance protocols, they can contain almost all regulatory perils. Dealers and their trade organizations are a formidable political force and should be lobbying together.
The Federal Trade Commission and its regional partners in Cleveland, Ohio, will host a virtual workshop on October 29, 2020 to discuss advertising and data security basics for small businesses.
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