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FTC

FTC Rules Top Concerns in NADA Update

NADA President and CEO Mike Stanton discussed the state of automotive retail today in the most recent NADA Update.

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NADA Blasts FTC Over Proposed Dealership Rules

Draft regulations would target bait-and-switch price ads, misleading F&I practices, and valueless F&I products.

FTC Denies Extending Comment Period on Proposed Dealer Regulations

The FTC voted 5-0 against a further deadline extension after receiving approximately 2,400 comments.

FTC Targets Document Retention

The Federal Trade Commission has proposed new regulations that target dealership ads and F&I practices.

NADA Challenges the FTC’s New Advertising and F&I Rules

The National Automobile Dealers Association has challenged the Federal Trade Commission's proposed rules on dealership advertising and finance and insurance.

FTC Proposes Bans to F&I and Add Ons That 'Provide No Benefit'

The FTC hopes the proposed rule will save consumers time and money and ensure a level playing field for honest dealers.

The FTC Strikes Again

If a dealer can provide their paper trail to a regulator or jury, it should demonstrate that the consumer indeed made informed decisions throughout the process and there was no deception intended.

Auto Marketing Company Banned from Industry Under FTC Order

Commission unanimously finds Traffic Jam Events violated the law with false claims about affiliation with government stimulus program and deceptive prize mailings.

FTC Publishes Inflation-Adjusted Civil Penalty Amounts for 2022

The Act directs agencies to implement annual inflation adjustments based on a prescribed formula.

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Federal Safeguards Rule Amendments Ask Dealers to Shore Up their Information System Security

Industry analysts suggest it could cost dealers hundreds of thousands annually to comply with the new rules.

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