Federal Rule Targets Car Dealership Scams, Saving Consumers Time and Money
The Federal Trade Commission (FTC) has announced a new policy, the Combating Auto Retail Scams Rule (CARS Rule), aimed at protecting consumers, including military families, from scams and deceptive practices in the car shopping experience. The rule, effective from July 30, 2024, prohibits price misrepresentations, lying about military or government affiliations, and false claims about moving vehicles out of state or country. It also targets bait-and-switch advertising and hidden fees. The FTC received over 27,000 comments on the proposed rule, with violations potentially resulting in penalties and restitution for consumers.
