Ftc Cars Rule 2024. On january 5, 2024, two trade groups representing auto dealers filed a petition for review challenging the federal trade commission’s (“ftc”) new combating auto retail scams rule. This week the ftc issued the final rule dubbed the combating auto retail scams (cars) rule, the final rule will be effective july 30,2024.
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. On january 18, 2024, the federal trade commission’s (“ftc”) announced that it is postponing the effective date of the combating auto retail scams rule (“cars rule”) in light of the legal challenge from industry trade associations seeking.