Recently the FTC proposed a new rule for the automotive industry related to the sale, financing and leasing of motor vehicles by dealers. The proposed rule aims to protect consumer by targeting junk fees and bait-and-switch advertising tactics employed by dealers. Learn more from KPA’s recent Regulatory Update.
With the FTC proposing this new rule, it may be time for you to take a close look at your dealership’s F&I practices. To help, take a look at this checklist 16 Rules and Regulations Your F&I Department’s On the Hook For.