FTC Acts Against Auto Dealer Groups for Truth-in-Lending Violations

The Federal Trade Commission is taking action against two auto dealer groups, operating in five states with more than two dozen retail stores, for civil penalties for violating FTC administrative orders prohibiting them from deceptively advertising the cost of buying or leasing a car. Collection & Credit Risk

By |2014-12-15T14:21:11-06:00December 15th, 2014|FDCPA|Comments Off on FTC Acts Against Auto Dealer Groups for Truth-in-Lending Violations

CFPB Spotlight on Auto Sector Grows with Dealer Fine

The CFPB has hit the auto dealer DriveTime Automotive Group, and its financing arm DT Acceptance Corp., with an $ 8 million fine, alleging that the group made overly aggressive debt collection calls and provided inaccurate data to the credit reporting agencies. Collection & Credit Risk

By |2014-12-01T09:13:30-06:00December 1st, 2014|FDCPA|Comments Off on CFPB Spotlight on Auto Sector Grows with Dealer Fine

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