FTC Cracks Down on Deceptive Auto Dealer Ads

January 9, 2014
USA Today 
auto financing news

Nine U.S. auto dealers with operations in six states have agreed to settle with the Federal Trade Commission (FTC) as part of the agency's campaign against shady dealer advertising. The dealers allegedly made misrepresentations such as deceptive low-payment deals; and some advertised zero-down finance deals that, in fact, carried sizable fees.

"It suggests to me that federal government feels and obligation to dive into this industry," said Alex Kurkin, a lawyer who said he represents hundreds of auto dealers, commenting on the FTC crackdown known as "Operation Steer Clear." "We're always on the lookout for deception in the auto marketplace," said Jessica Rich, director of the FTC's Bureau of Consumer Protection.

Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.