FTC proposed rule homes in on ‘junk fees’ in auto loan transactions


Regulators are zeroing in on fees and add-on products within auto finance transactions, potentially putting dealers and creditors on the hook for borrower claims related to unfair practices.  The Federal Trade Commission last week proposed a rule to ban “junk fees and bait-and-switch advertising tactics” during the car-buying process, according to an FTC release. The […]

Source : AutoFinanceNews