Originally appearing in The New York Times on October 11, 2024, Ann Carrns interviews John Van Alst for coverage of how more automobile owners are falling behind on their payments, and a new report that suggests that lenders have sometimes been overzealous in repossessing cars. Americans depend on cars to drive to jobs and doctor…
Read More about The New York Times: What to Do if You Fall Behind on Auto Loan Payments
Appearing in ProPublica on September 12, 2024, Byard Duncan, Ryan Gabrielson, and Lucas Waldron interviewed John Van Alst for a story about how if you defer a car payment, you’ll likely end up owing more at the end of your loan. ProPublica also provides a free auto loan calculator tool built to help borrowers figure…
Read More about ProPublica: What No One Tells You About Car Loan Deferments
NCLC joined other consumer and workers’ rights advocates in this case involving equitable estoppel and forced arbitration. The amicus brief explains how an arbitration-specific version of equitable estoppel imposed by some courts to allow non-signatories to enforce an arbitration clause is wholly divorced from the traditional principles and interpretations of the doctrine, which require a…
The Rule will bring some long overdue relief to car buyers who are tired of dishonest pricing, and will pave a path for the FTC to pursue future rulemakings to regulate car dealers.
Read More about Broad Coalition of 104 Organizations Tell Congress to Support FTC CARS Rule
Consumer groups applaud the Consumer Financial Protection Bureau (CFPB) effort to improve the collection and dissemination of auto finance data as part of its efforts to monitor the auto finance market for risks to consumers. The CFPB should:
Experts from national consumer organizations will break down what the CARS Rule does (and does not do), what challenges the FTC will face, and how attendees can support the CARS Rule.
