motor vehicle dealer

AFSA asks House Appropriations Committee to block proposed FTC Motor Vehicle Dealers Trade Regulation Rule

By Brian Turetsky on June 23, 2023

Posted in Auto Finance, FTC, Regulatory and Enforcement

On June 21, 2023, the American Financial Services Association (“AFSA”) asked the House Appropriations Committee to include language in the Financial Services and General Government appropriations bill that would prevent the Federal Trade Commission (“FTC”) from finalizing or implementing the Motor Vehicle Dealers Trade Regulation Rule (the “Proposed Rule”).

In a letter to Representative Steve Womack, the Chairman of the Subcommittee on Financial Services and General Government, AFSA criticized the Proposed Rule as a limitation on consumers’ ability to purchase voluntary protection products, such as service contracts, guaranteed asset protection (“GAP”) coverage, tire and wheel protection, and other products that protect vehicles. … Continue Reading

FTC seeks comments on proposed changes to FCRA rules

By John L. Culhane, Jr. on August 31, 2020

Posted in Credit Reports, FTC, Regulatory and Enforcement

The FTC has issued five notices of proposed rulemaking seeking comments on changes to five rules that implement the Fair Credit Reporting Act. Comments will be due no later than 75 days after the date the NPRMs are published in the Federal Register.

The Dodd-Frank Act transferred the FTC’s rulemaking authority under parts of the FCRA to the CFPB. … Continue Reading