Ftc Guidelines For Auto Dealers 2024. The combating auto retail scams (cars) rule would protect consumers from certain unfair car dealer practices. How dealers will react could result in pressures across the automotive lending market.
On december 12, 2023, the federal trade commission (“ftc”) announced its combating auto retail scams rule, otherwise known as the “cars rule,” setting new requirements on the sale, financing, and leasing of vehicles by motor. Since 2011, the ftc has been gathering information on possible consumer protection issues that may arise in the sale, financing or lease of motor vehicles through a series of roundtables and by seeking public comments.
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