Tag: FTC

FTC’s “Operation Steer Clear” Drives Home That Auto Ads Must Be Truthful

Posted on 01/22/14 by Dana Manner
Young Woman at Dealership with New Car Key

The Federal Trade Commission announced  that nine auto dealers agreed to settle deceptive advertising charges, and the agency is taking action against a 10th dealer, in a nationwide sweep focusing on the sale, financing, and leasing of motor vehicles. According to the complaints, the dealers made a variety of misrepresentations in print, Internet, and video […]

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FTC Warns of Car Loan Modification Scams

Posted on 07/01/12 by Dana Manner

The Federal Trade Commission recently released an FTC Consumer Alert entitled “Ads for Auto Loan Modifications: You May Be Able to Drive a Better Deal with Your Lender“ There have been several companies advertising on TV and the internet promising car loan modifications, like mortgage loan modifications, and the FTC has filed lawsuits against several […]

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Federal Judge Rules: Car Dealers Must Tell Buyers About Credit History / High Interest Rate Car Loans

Posted on 05/25/12 by Dana Manner

Washington, D.C. – U.S. District Judge Ellen Huvelle ruled in her opinion that car dealers that charge high interest rates to buyers based upon negative credit information in their credit report, must give notice to the buyers under Fair and Accurate Credit Transactions Act of 2003 (FACTA). The practice of offering higher rate loans to […]

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FTC Alleges Car Dealers Falsely Promised To Pay Off Trade-ins, No Matter What Consumers Owed

Posted on 03/14/12 by Dana Manner

The Federal Trade Commission issued a press release today that five car dealers from around the US have agreed to a settlement orders that require them to stop running ads where the car dealers promise to pay off a consumer’s trade-in vehicle, no matter what the consumer owes on the vehicle. The dealers named in the FTC’s complaints […]

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FTC Continues to Seek Public Input on Consumer Issues in Motor Vehicle Sales, Financing and Leasing

Posted on 03/10/12 by Dana Manner

As part of the Federal Trade Commission’s ongoing project to gather information on consumers’ experiences in the sale, financing and leasing of motor vehicles at dealerships, the agency will continue to seek public comments until April 1, 2012. Interested parties can submit comments online by following the instructions on the web-based form. The FTC held […]

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