FTC Plans to Examine Consumer Experiences in Motor Vehicle Financing and Leasing
March 11, 2011
The FTC has announced a series of Motor Vehicle Financing and Leasing “Roundtables” to be held across the country. The goal: to gather and study consumer experiences in purchasing, financing, and leasing cars, SUVs, and light trucks. The FTC’s press release notes that while dealer financing “may provide benefits,” it also “can be a complicated, opaque process and could potentially involve unfair or deceptive practices.” The Commission will use the results of the roundtables to help assess whether or not to create a new rule governing the motor vehicle industry. The first roundtable will be held April 12 at Wayne State University Law School in Detroit. The Commission plans to invite industry executives and consumer advocates to the roundtables – which are free and open to the public. If you would like to attend, e-mail your name and affiliation to PreregisterMotorVehiclesRoundtables1@ftc.gov. If you would like to participate as a panelist, you may e-mail a request to MotorVehicleRoundtables1@ftc.gov. For more information and a summary of FTC regulation of the motor vehicle industry, click here.
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