Comment Letters

November 10, 2011 | Filed under: Automobiles

(WASHINGTON) On Thursday, November 17, the Federal Trade Commission (FTC) will hold its third and final day-long roundtable on auto lending abuses. The event will focus on motor vehicle leasing and will provide an overview of the previous meetings and possible next steps for the agency to take in increasing consumer protections. Advocates from the National Consumer Law Center (NCLC), the Center for Responsible Lending (CRL), the National Association of Consumer Advocates (NACA), and Consumers for Auto Reliability and Safety (CARS) will serve on panels at the roundtable and urge the FTC to curb unfair auto lending practices.

March 24, 2011 | Filed under: Automobiles

Have you experienced problems when buying, financing or leasing a car through an auto dealer? The United States Federal Trade Commission (FTC) wants to hear from you.

March 8, 2011 | Filed under: Automobiles

We, the undersigned, urge you to reject SB 1367, which, if enacted would facilitate the export of high-interest car-title loans to Virginia’s neighboring states that, with the exception of Tennessee, have all chosen not to allow these types of lending practices.

October 7, 2009 | Filed under: Automobiles

Dear Chairman Frank, Ranking Member Bachus, and Members: We strongly urge you to ensure that all activities of auto dealers related to the financing of cars are fully included under the jurisdiction of the Consumer Financial Protection Agency. While we agree that the sale of just a car, where car buyers pay cash or obtain their own financing, should not fall under the supervision of the agency, loan financing represents a huge source of income for auto dealers. Increasing percentages -- currently a majority -- of dealer profits are derived not from the sale of the car itself, but rather from their “Finance and Insurance" departments, where seasoned, trained F & I managers, paid largely on commission, use sophisticated software programs to maximize the profits from the financing and add-ons in car sales transactions.

March 5, 2009 | Filed under: Automobiles

This hearing is indeed timely, given the current meltdown in the automotive marketplace, which has created a devastating ripple effect impacting not only individual car buyers and their families, but also auto manufacturers and dealers, suppliers, auto workers, auto lenders, and our economy as a whole, as well as our ability to address climate change by accelerating purchases of newer, safer, more fuel efficient vehicles.

February 19, 2009 | Filed under: Automobiles

This matter calls upon the Court to consider whether a plaintiff, prior to instituting litigation pursuant to the Consumer Fraud Act (CFA), N.J.S.A. 56:8-1 to -20, must first request a refund of a claimed overcharge from an allegedly culpable merchant.