FTC Roundtable on Auto Financing Abuse: Experts on Auto Fraud, Consumer Finance Issues Available
Why: A car is the most common nonfinancial asset Americans own. For most it's a necessity, not a luxury. Too many families suffer at the hands of unscrupulous dealer-financed lending practices: New CRL research shows consumers pay over $20 billion each year in added, nontransparent dealer markups. "Yo-yo" sales and unnecessary service add-ons make car loans needlessly expensive for millions of consumers. What: Experts from the Center for Responsible Lending, the National Consumer Law Center, and the National Association of Consumer Advocates will take part in a roundtable held by the Federal