Remove ftc
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FTC Launches “Combating Auto Retail Scams” Rule

The Truth About Cars

The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. For those curious about the finer details of the above provisions, check out the FTC’s comprehensive outline of the CARS rule.

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FTC complaint filed against Toyota over its false electrification claims

Electrek

A new complaint with the FTC alleges that Toyota is engaging in false and misleading marketing of its vehicles, leading to consumer confusion over how “electrified” they really are. more… The post FTC complaint filed against Toyota over its false electrification claims appeared first on Electrek.

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Dealerships should document sure information safety breaches, FTC says

Baua Electric

The FTC voted 3-0 to approve an modification to the Safeguards Rule that calls for nonbanking monetary establishments comparable to automotive dealerships and payday lenders to inform the company refuse next than 30 days upcoming the invention of a safety breach involving the ideas of a minimum of 500 customers.

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Dealers' Associations Ask Courts to Block FTC's Ban On Hidden Fees

The Truth About Cars

The National Automobile Dealers Association protested the decision, joining the Texas Auto Dealers Association in filing a petition in the Fifth Circuit Court of Appeals, leading to a pause on the FTC's rule. They’re arguing that the FTC had no jurisdiction to make the decision and are asking the court to block it. Image: Daniel J.

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Senators introduce bipartisan invoice directing FTC to redo auto dealership regs

Baua Electric

would direct the FTC to “redo” the proposal by way of requiring the company to factor a complicated understand of proposed rule-making for society enter — a regulatory step the lawmakers say used to be in lieu changed with 49 open-ended questions in regards to the proposal. Jerry Moran, R-Kan., and Joe Manchin, D-W.Va.,

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Elon Musk’s 9.1% Twitter share purchase is being examined by FTC

Teslarati

Elon Musk’s initial purchase of Twitter stock, which the Tesla CEO said started at the end of January and continued until the beginning of April, is now reportedly being examined by the Federal Trade Commission (FTC). You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com.

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Automobile teams ask FTC for rapid enforcement of counterfeiting regulation

Baua Electric

Civil consequences of $50,120 in keeping with violation are imaginable, in keeping with the FTC. An FTC spokesperson didn’t instantly reply to a request for remark. The post Automobile teams ask FTC for rapid enforcement of counterfeiting regulation appeared first on Bauaelectric Auto News.