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The rule, which attracted sharp criticism from the National Automobile Dealers Association (NADA), takes aim at practices the FTC says costs consumers $3.4 billion annually and prolongs the ...
When the rule finally arrives, the FTC said it should save car shoppers in the U.S. more than $3.4 billion each year, along with an estimated 72 million hours spent shopping for vehicles.
The FTC says the rule also bans add-on items that the agency described as providing no value to consumers, like duplicative warranties, software and audio subscriptions for cars that can’t ...
Nixing the Fix: An FTC Report to Congress on Repair Restrictions: Image title: An FTC report to Congress on repair restrictions: Author: Federal Trade Commission: Keywords: right; to; repair; repair; restrictions; Software used: Acrobat PDFMaker 21 for Word: Conversion program: Adobe PDF Library 21.1.167: Encrypted: no: Page size: 612 x 792 pts ...
The Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA, Pub. L. 108–159 (text)) is a U.S. federal law, passed by the United States Congress on November 22, 2003, [1] and signed by President George W. Bush on December 4, 2003, [2] as an amendment to the Fair Credit Reporting Act.
A 2015 study released by the Federal Trade Commission found that 23% of consumers identified inaccurate information in their credit reports. [6] Under the Fair and Accurate Credit Transactions Act (FACTA), an amendment to the FCRA passed in 2003, consumers are able to receive a free copy of their consumer report from each credit reporting ...
The Federal Trade Commission Act (FTC Act): The FTC Act prohibits companies from engaging in unfair or deceptive practices, including those related to in-app purchases. These practices include failing to clearly disclose the costs of purchases, making it difficult for consumers to cancel purchases, and encouraging mass spending.
The Anti Car Theft Act of 1992 specified that the information within NMVTIS be available to federal, state, and local law enforcement officials, insurance carriers, and other prospective purchasers (e.g., individuals, auction companies, and used car dealers). By making this information available across jurisdictions, forms of title fraud such ...