FTC Investigates Illinois Auto Groups
Unfair, deceptive or discriminatory behavior are among the agency's concerns.
Unfair, deceptive or discriminatory behavior are among the agency's concerns.
Earlier this month, Evergreen Bank Group issued a statement about its decision to move to a flat fee pricing model. The move was in response to a low FDIC rating and alleged violations of the ECOA.
A joint complaint filed in North Carolina alleges buy-here, pay-here dealerships targeted African-American customers for unfair and predatory credit practices that violated federal and state law.
The CFPB has generated some stormy weather over its review of rate participation, but the clouds may finally be parting.
Expert David Missimer, Vice President and General Counsel of Automotive Compliance Consultants, clearly spells out the conditions under which auto dealers must provide an adverse action notice. Missimer explains exactly what dealers must know and when you must issue an Adverse Action Notice under the Fair Credit Reporting Act (FCRA).
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