What Is The Ftc Cars Rule 2024. The ftc cars rule is a sweeping trade regulation rule that will introduce strict regulations for motor vehicle dealers. The federal trade commission recently issued a final rule that is squarely aimed at changing the way dealers interact with customers in the financing process.
12, 2023, the federal trade commission (ftc) announced its final vehicle shopping rule that it derisively calls the “combating auto retail scams trade. The cars rule, announced by the ftc on december 12, 2023 and published in the federal register on january 4, 2024, sets new requirements on the sale, financing, and leasing of new and used vehicles by motor vehicle.
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