FTC Continues To Put Pressure On Shady Dealer Bait And Switch Fees With New Proposal | Carscoops carscoops
alone. The move comes not long after President Biden called on his administration to reduce or remove such fees.on automotive dealers that sold finance and insurance coverage as well as vehicle add-ons that “provide no benefit.” On October 26, President Biden said that unfair hidden fees known as junk fees were taking money out of the pockets of American families.
1. Misrepresenting or not “clearly and conspicuously” disclosing “the total cost of any good or service for sale” in ads or marketing. 3. Misrepresenting or not disclosing if “fees, interest, charges, products or services are optional or required.” 5. Misrepresenting that a customer owes for “any product or service the consumer did not agree to purchase.”7. Charging for “fees, interest, goods, services or programs that have little or no added value to the consumer or that consumers would reasonably assume to be included within the overall advertised price.”
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