Used and new car prices have reached perilous new highs within the past two years. Car dealers are taking advantage of the limited supply of vehicles to freely price gouge, even as their own costs remain steady. As their profits skyrocket, dishonest dealers continue to rely on longstanding deceptive and…

By Christine Hines (NACA) and Erin Witte (Consumer Federation of America) For the first time in over a decade, the Federal Trade Commission (FTC) has proposed a rule directly addressing deceptive financing practices by auto dealers. The proposal contains a host of prohibited misrepresentations, required disclosures, and specific requirements pertaining…

By Erin Witte (Consumer Federation of America) and Christine Hines (NACA) For the first time in over a decade, the Federal Trade Commission (FTC) has proposed a rule directly addressing deceptive financing practices by auto dealers. The proposal contains a host of prohibited misrepresentations, required disclosures, and specific requirements pertaining…

By Erin Witte (Consumer Federation of America) and Christine Hines (NACA) For the first time in over a decade, the Federal Trade Commission (FTC) has proposed a rule directly addressing deceptive financing practices by auto dealers. The proposal contains a host of prohibited misrepresentations, required disclosures, and specific requirements pertaining…

Fact: the inflation rate hit 9.1% in June 2022, the highest it’s been in over 40 years. Meanwhile, new and used car prices have soared, but the traditional reasons for inflation may have little to do with it. The average new car sells for over $47,000, 13.5% more than it…

By Christine Hines (NACA) and Erin Witte (Consumer Federation of America) For the first time in over a decade, the Federal Trade Commission (FTC) has proposed a rule directly addressing unfair and deceptive financing practices by auto dealers. The proposal contains a host of prohibited misrepresentations, required disclosures, and specific…

In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act authorized the Federal Trade Commission (FTC) to write regulations for auto dealers using a standard, more efficient rulemaking process. …

Earlier this month, the U.S. Department of Education announced it will forgive $5.8 billion of federal student loans for 560,000 students who attended the now-shuttered for-profit Corinthian Colleges. The announcement marks a hard-won major victory for over half a million defrauded students and a conclusion to the long-running saga of…

On Sunday, June 12, a major cryptocurrency platform that accepts deposits from individuals and uses their deposits to make crypto loans, promising high yields to depositors, announced that it would be “pausing” all withdrawals and transfers for users. Some panicked users have begun calling for class actions against the platform…