FTC Workshop on Dealer Practices

On November 17 the Federal Trade Commission will have its 3rd and maybe last roundtable on dealer practices. So far no agenda is set but one of the panelist from the National Automobile Dealers Association is set to be there. The FTC is currently considering streamlining the rule-writing authority over dealer-assisted financing and a spokesman for the NADA hopes to make the case that, “dealer-assisted financing expands access to vehicles and reduces consumers’ cost of credit to pay for those vehicles”. The 3-5 sessions that the FTC said it would conduct were to help them decide if they wanted to exercise the new expedited authority it was given by legislation passed in 2010. So far no further rules have been proposed.

To read the full article in Automotive News, please click here.

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