FTC to regulate deceptive auto dealer fees

https://apple.news/Arxlj2bonQJC02fZzM4GYwQ

FTC is proposing regulation for car dealers with regard to deceptive fees and bait-and-switch schemes. They break down the types of infractions to be regulated as:


1. Misrepresenting or not " clearly and conspicuously" disclosing "the total cost of any good or service for sale" in ads or marketing.

2. Misrepresenting or not disclosing "the existence of any fees, interest, charges, or other costs that are not reasonably avoidable for any good or service" in ads or marketing.

3. Misrepresenting or not disclosing if "fees, interest, charges, products or services are optional or required."

4. Misrepresenting or not disclosing "any material restriction, limitation or condition concerning any good or service that may result in a mandatory charge ... or that may diminish the consumer's use of the good or service, including the amount the consumer receives."

5. Misrepresenting that a customer owes for "any product or service the consumer did not agree to purchase."

6. Charging for anything "without express and informed consent."

7. Charging for "fees, interest, goods, services or programs that have little or no added value to the consumer or that consumers would reasonably assume to be included within the overall advertised price."

8. Misrepresenting or not disclosing "the nature or purpose of any fees, interest, charges or other costs."

Here's the link to the matter if you'd like to leave a comment while the issue is still open: https://www.regulations.gov/document/FTC-2022-0069-0001

 

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