On July 13, 2022, the Federal Trade Commission published an notice of proposed rulemaking in the Federal Register on Motor Vehicle Dealers Trade Regulation. The proposed rule would prohibit motor vehicle dealers from making certain misrepresentations in the course of selling, leasing, or arranging financing for motor vehicles, require accurate pricing disclosures in dealers’ advertising and sales discussions, require dealers to obtain consumers’ express, informed consent for charges, prohibit the sale of any add-on product or service that confers no benefit to the consumer, and require dealers to keep records of advertisements and customer transactions. On August 22, 2022, Advocacy wrote a letter to the FTC, requesting that the agency delay the comment period for 120 days to ensure small business feedback is heard.
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