"FTC Delays Car-Buying Protection Rule Amid Legal Challenges"
The Federal Trade Commission has postponed the implementation of the Combatting Auto Retail Scams (CARS) Rule, designed to protect consumers from dealership scams, due to legal challenges from the National Automobile Dealers Association and the Texas Automobile Dealers Association. The rule, which aims to prohibit bait-and-switch tactics and hidden junk fees, has faced criticism from the car-buying industry but received praise from consumer advocates. The FTC asserts that the rule will not increase compliance costs for law-abiding dealers and expects it to save consumers billions of dollars annually.