US lawmakers urge FTC to finalize new car buyer protections

This post was originally published on this site

The FTC in June 2022 proposed banning fees and bait-and-switch advertising tactics and requiring dealers to make key disclosures to consumers, including providing a true “offering price” and to make disclosures about optional add-on fees.

Senators Ed Markey, Ron Wyden, Cory Booker, Brian Schatz and Representative Pramila Jayapal among others in a letter seen by Reuters called on the FTC to “adopt strong regulatory protections for car buyers” arguing “unfair and deceptive practices involving motor vehicle dealers have widespread consequences.”