Cracking Down on Car Dealers: FTC Targets Junk Fees and Consumer Exploitation
The Federal Trade Commission (FTC) is reportedly considering excluding car dealerships from its proposed rules that aim to ban hidden and misleading fees, known as junk fees. The rules would require businesses in various industries to show the full price upfront and face penalties for non-compliance. However, car dealerships may be exempt if the FTC finalizes provisions in its Motor Vehicle Dealers Trade Regulation Rule. The National Automobile Dealers Association argues that the junk fee proposal is overly broad and conflicts with existing regulations.
