Could ban bait-and-switch advertising and junk fees.
The Federal Trade Commission (FTC) has proposed rules to improve consumers’ used-car-buying experience. Though the FTC has been enforcing its current rules, consumer complaints related to the used car market still consistute the top ten complaints submitted to the FTC. The commission is proposing a rule to ban junk fees and bait-and-switch activity within the used car market, as well as upfront disclosures of costs.
“As auto prices surge, the Commission is taking comprehensive action to prohibit junk fees, bait-and-switch advertising, and other practices that hit consumers’ pocketbooks,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. “Our proposed rule would save consumers time and money and help ensure a level playing field for honest dealers.”
As the Lord Leads, Pray with Us…
- For Chair Lina Khan to seek God’s wisdom as she heads the FTC.
- For the president’s administration to succeed in protecting consumers from unfair sales practices.
- For U.S. officials as they look to prevent scams and junk fees in vehicle transactions.
Sources: Federal Trade Commission
