FTC seeks comments on consumer survey on auto financing

FTC seeks comments on consumer survey on auto financing

The Federal Trade Commission is seeking public comment on a proposed survey of consumers about their experiences buying and financing cars at dealerships. The survey will include consumer interviews and will collect consumersê purchase and finance documents.

The FTC invites comments on whether the proposed survey would be useful, how much of a burden it would create for consumers, how to improve the quality of the information to be collected, and how to minimize the burden of collecting it.

Since 2011, the FTC has brought more than 25 cases forward in auto financing, including a law enforcement sweep of 10 actions against auto dealers for deceptive advertising and a federal-state effort that yielded more than 200 actions for fraud, deception and other illegal practices.

The Federal Register notice was published January 7; comments will be accepted until March 7. All comments received will be posted on the FTCês website.

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