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Home » FTC’s finalized CARS rule expands dealer scrutiny  

FTC’s finalized CARS rule expands dealer scrutiny  

Lenders must ensure dealer practices are compliant 

Amanda HarrisbyAmanda Harris
January 2, 2024
in Compliance
Reading Time: 6 mins read
0
The Federal Trade Commission (FTC) building stands in Washington D.C., U.S., on Tuesday, Oct. 1, 2013. The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and halting some services after Congress failed to break a partisan deadlock by a midnight deadline.

(Photo/Bloomberg)

The FTC has finalized a rule requiring car dealers to be more upfront about costs. It expands consent requirements and allows dealers to charge for add-on products only if they are found to benefit consumers.   The Combating Auto Retail Scams (CARS) Rule goes into effect July 30, 2024, according to a Dec. 12 FTC release.   […]

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