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

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

Both creditors and dealers must review their disclosure practices 

Amanda HarrisbyAmanda Harris
June 30, 2022
in Compliance
Reading Time: 4 mins read
0
FTC proposed rule homes in on ‘junk fees’ in auto loan transactions 

© Can Stock Photo / demerzel21

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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