Auto Finance News | NJ Law Underscores Need for Lender In-Vehicle Data Deletion

The Federal Trade Commission (FTC) has finalized its Combating Auto Retail Scams Trade Regulation (CARS) Rule, which will affect almost every aspect of auto advertising and sales. Our Consumer Protection/FTC Team explains how the new rule may require significant changes from dealerships to comply.

Our Consumer Protection/FTC Team examines how an Federal Trade Commission action against an auto dealer signals a continued focus on deceptive add-on fees and discrimination against Black and Latino loan customers.

John Redding is quoted on what dealers and lenders should know about the Federal Trade Commission’s proposed rule on fees and add-on products within auto finance transactions.

John Redding comments on lenders’ compliance practices related to guaranteed asset protection.