In the last six months, the FTC has actively targeted deceptive practices in the automotive sector, enforcing actions against companies like Coulter Motor Company, Asbury Automotive, CarShield, and Vroom. These actions focus on issues such as misleading advertising, undisclosed fees, and discriminatory pricing. The FTC continues to prioritize consumer protection and transparency.
The FTC’s new CARS rule mandates that dealers obtain express informed consent (EIC) before finalizing sales, although the rule does not clearly define EIC. It specifies what EIC is not, such as prechecked boxes and signed documents alone. SecureClose proposes a comprehensive solution to help dealers comply with these requirements.
Preparing for the FTC vs NADA/TADA Oral Arguments
A five-minute read of where we are and where we are going (in my opinion.)