NADA files more comments on issues raised at FTC Roundtables

NADA files more comments on issues raised at FTC Roundtables

NADA has sent the Federal Trade Commission (FTC) an extended set of written comments to further educate the commission on several issues that were discussed during the three motor vehicle roundtables that the FTC conducted between April and November 2011, notably the lack of a Congressional directive for rulemaking and the lack of prerequisite conditions for rulemaking.

NADAs comments also included a rebuttal of a series of allegations that consumer advocacy group representatives made against dealers during the roundtable process. NADAs comments include a detailed critique of a 2011 report issued by the Center for Responsible Lending that attacks the dealer assisted financing model. (see Appendix)

NADAs filing with the FTC supplements written comments it submitted to the FTC in April 2011 and verbal comments that dealers, state and metro dealer association representatives (ATAEs), dealer attorneys, and other industry representatives made at each of the three roundtables (which were held in Detroit, San Antonio, and Washington, DC).

The FTC is currently reviewing the information it gathered during the roundtable process to determine what, if any, additional rulemaking, enforcement, or educational steps are necessary to protect consumers who purchase or lease motor vehicles.