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The FTC originally proposed what became the CARS Rule in June 2022. In July 2023, a group of 17 Democratic U.S. lawmakers issued a statement asking the FTC to finalize those rules.
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 ...
The Federal Trade Commission (FTC) is cracking down on junk fees. The new rule is expected to save consumers more than $3.4 billion, the FTC said. The FTC’s rule goes into effect on July 30, 2024.
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.
In 1984, [10] [non-primary source needed] the FTC began to regulate the funeral home industry in order to protect consumers from deceptive practices. The FTC Funeral Rule requires funeral homes to provide all customers (and potential customers) with a General Price List (GPL), specifically outlining goods and services in the funeral industry, as defined by the FTC, and a listing of their prices.
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 ...
In 2012, the FTC reaffirmed the regulation. [5] The effect of the so-called "FTC Holder Rule" is to make "the holder of a consumer credit contract, whether it be a loan company, a bank or other concern, responsible for honoring all the obligations of the merchant who originally sold the goods". [3]
The FTC’s “Combating Auto Retail Scams” (CARS) rule was supposed to take effect in July of 2024, but due to a pending legal challenge, the Final Rule’s effective date is delayed until ...