Sonora Run - Sunday June 9, 2024

Your Host(s) for the Event: Paige Lane Route: https://maps.app.goo.gl/tGNYaz7VcvVDeXPLA Download the map for off-line use  - in case we lose...

Banks And NADA Fighting For The Right To Rip-off Consumers

[Photo Credit: World Hyundai]
Automotive News reports that The National Automobile Dealers Association and groups of captives, credit unions and banks support congressional Republicans' efforts to curb the independence of a fledgling consumer agency which would have power to regulate dealer-assisted financing for auto consumers. The groups also are trying to dissuade the U.S. Federal Trade Commission from adopting standards for dealer-assisted financing. The dealer and banking groups are opposed by consumer advocates who contend that the federal government needs to actively protect car customers from car financing abuses.