FTC proposed rule homes in on ‘junk fees’ in auto loan transactions 

Both creditors and dealers must review their disclosure practices 

Regulators are zeroing in on fees and add-on products within auto finance transactions, potentially putting dealers and creditors on the hook for borrower claims related to unfair practices.  The Federal Trade Commission last week proposed a rule to ban “junk fees and bait-and-switch advertising tactics” during the car-buying process, according to an FTC release. The […]

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