Protecting the FTC's CARS Rule
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.
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Consumer Advocates Applaud FTC for Moving Forward with CARS Rule
Today, the Federal Trade Commission (FTC) announced its final rule targeting deceptive conduct in the sale and financing of motor vehicles, titled the “Combatting Auto Retail Scams” (CARS) Rule.
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Los Angeles Times: Why all Latino wealth is not equal
Originally appearing in Los Angeles Times/ De Los on July 19, 2023, Alejandra Molina looks at a new Brookings Metro report that examines the underlying causes of the wealth gap between Latino and white families and cites John Van Alst‘s report: Time to Stop Racing Cars: The Role of Race and Ethnicity in Buying and Using…
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Consumer Advocates Applaud Members of Congress for Supporting FTC Auto Dealer Rule
WASHINGTON – Today, U.S. Sen. Ed Markey and U.S. Rep. Pramila Jayapal led 17 members of Congress in a letter to Federal Trade Commission (FTC) Chair Lina Khan asking for commonsense rules against abuses in the sale and financing of motor vehicles. A large majority of American consumers rely on their car to get to…
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CFPB & Attorney General of the State of New York v. Credit Acceptance Corporation
Amicus Brief in support of the CFPB and NY AG’s opposition to a motion to dismiss their case against Credit Acceptance Corporation.
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NBC News: "With car repossessions and home foreclosures rising, some Americans are living on a financial cliff"
Originally appearing in NBC News on April 29, 2023, Rob Wile, Rania Soetirto, and Jasmine Cui quote Sarah Bolling Mancini regarding where consumers can find help if at risk of losing their home or vehicles. Help is indeed available for homeowners, said Sarah Bolling Mancini, a senior staff attorney at the nonprofit National Consumer Law Center. Some of…
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NBC News: "The cost of owning a car keeps rising, but a price drop could be on the horizon"
Originally appearing in NBC News on April 8, 2023, Shannon Pettypiece looks at the growing cascade of financial pressures around owning a car that are squeezing already strained consumers and quotes John Van Alst. “Because of the current labor market, a lot of people are able to get a job, but the number one thing…
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NPR: "Even after you think you bought a car, dealerships can 'yo-yo' you and take it back"
Originally airing on NPR during All Things Considered on February 4, 2023, Chris Arnold discusses deceptive auto sales and interviews John Van Alst. “It does happen all too frequently,” says John Van Alst, an attorney with the nonprofit National Consumer Law Center. Usually, when you finance a car through the dealer, technically you owe the…
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Advocates Praise CFPB, New York AG for Action Against Auto Finance Company
Credit Acceptance Corporation Allegedly Misrepresented the True Cost of Credit, Profited from Financing Designed to Fail Boston – Yesterday, the Consumer Financial Protection Bureau (CFPB) and the Attorney General of New York (NY AG) filed a complaint against Credit Acceptance Corporation (CAC), a predatory subprime auto finance company for misrepresenting the cost of credit and tricking…
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Motor Vehicle Repossessions
The focus of this article is on motor vehicle repossession including limits on self-help repossessions, ten strategies to prevent repossessions, six steps to take after your car is repossessed, and advice on responding to the creditor’s demand for additional payment even after the repossession.
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