FTC CARS Act Questions

[Tallcool1]

I am going to be sitting in a meeting with the FTC's Director of Financial Practices next week.

If anyone has any specific questions that they would like addressed, please let me know. I have a list of some, but I am sure that this group will have a lot more than what I have.

It would be easiest if you post them here to avoid duplication. You can of course message me if you prefer.


Clint

 

[DrewAment]

Just an FYI -- looks like FLORIDA is jumping on its own little version of the CARS Act, at least in relation to advertising. As noted, they are pretty much just enforcing existing law. Pretty much closes down DOC Fees, recon fees, credit fees, what want more fees, even more fees, etc, etc. Only government fees (TTL) allowed to be added to the price displayed.


View: https://drive.google.com/file/d/1f3lk0wVsNrNct6TXmvMMd49X4TelKPIs/view?usp=sharing


Any thoughts?

 

[Tallcool1]

Just an FYI -- looks like FLORIDA is jumping on its own little version of the CARS Act, at least in relation to advertising. As noted, they are pretty much just enforcing existing law. Pretty much closes down DOC Fees, recon fees, credit fees, what want more fees, even more fees, etc, etc. Only government fees (TTL) allowed to be added to the price displayed.


View: https://drive.google.com/file/d/1f3lk0wVsNrNct6TXmvMMd49X4TelKPIs/view?usp=sharing


Any thoughts?

If more states had done this on their own, there wouldn't be a CARS Rule.

That's my opinion.