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March 11th, 2011
FTC Plans to Examine Consumer Experiences in Motor Vehicle Financing & Leasing
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.
Read full FTC press release - "FTC Roundtables Will Address Consumer Issues in Motor Vehicle Financing and Leasing".
Read summary of FTC regulation of the motor vehicle industry - "Public Roundtables: Protecting Consumers in the Sale and Leasing of Motor Vehicles...".
If you have any questions about this alert, or on any other advertising or marketing law issues, please contact Jeff Greenbaum at (212) 826 5525 or jgreenbaum@fkks.com, or any other member of the Frankfurt Kurnit Advertising Group.
Disclaimer. This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.
Other Advertising Law Alerts
What the Advertising Industry Can Learn from Kim Kardashian’s Settlement with the SEC
On October 3, 2022, the Securities and Exchange Commission (SEC) announced that it entered into a $1.26 million settlement with Kim Kardashian over her social media promotion of the EMAX token without disclosing payment she received from token issuer, EthereumMax. The matter provides important lessons for advertisers. Read more.
October 10 2022
Get Ready for California’s New “Automatic Renewal” Rules
California recently amended its Automatic Purchase Renewals law. The amended statute - effective July 1st -- require marketers to provide consumers of automatic renewal or continuous service offers with more information and easier ways to terminate. Read more.
June 22 2018
“Made in the U.S.A.” Claims Continue to be Scrutinized
In 2016, California amended Section 17533.7 of the California Business and Professions Code ("Section 17533"), liberalizing the standard for selling products labeled "Made in U.S.A" to California consumers. Read more.
June 4 2018
