FTC Strikes Deals to Ignore Unlawful Credit Discrimination The Federal Trade Commission signed agreements to not enforce parts of three federal court orders against auto dealers accused of discrimination. Consumer ad…
Background on the Court Orders The court orders were the result of lawsuits filed by the FTC and other consumer protection agencies against auto dealers who were accused of violating the Equal Credit Opportunity Act. …
Impact on Consumers The FTC's decision to strike deals with auto dealers accused of discrimination will have a significant impact on consumers, particularly those who are already vulnerable to exploitation. The FTC f…
Industry Context The auto lending industry is a significant sector of the US economy, with millions of consumers relying on auto loans to purchase vehicles. The industry has faced criticism in the past for discrimina…