The consumer groups confines our comments to six topics: § 700.3(c) FTC should clarify that the Act applies to consumer leases § 700.10(b) Certain 50/50 warranties should be interpreted as violating the Act’s anti-tying provision § 700.11(a) FTC interpretation of Act’s application to insurance contracts conflicts with a federal statute and Supreme Court precedent §…
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.
Add-on products sold by car dealers, such as service contracts, Guaranteed Asset Protection (GAP) insurance, and window etching, make up a large share of dealers’ profits. They also significantly increase car buyers’ costs. While many have questioned the value of these products for consumers, the pricing of these products has received less attention, largely because…
Access to a safe, affordable vehicle is increasingly limited for many consumers by sharply rising prices, burdensome accompanying debt obligations, and problematic dealer practices.
Written Testimony of John W. Van Alst Attorney, National Consumer Law Center and Director of NCLC’s Working Cars for Working Families Project Before the Committee on Financial Services Subcommittee on Oversight and Investigations U.S. House of Representatives “Examining Discrimination in the Automobile Loan and Insurance Industries.”
Existing law governing repossession of motor vehicles and other personal property leaves consumers vulnerable to the whims of creditors and largely in the dark as to the nature of the process. Secured creditors can, without any court or other government supervision, decide when to repossess the consumer’s property, seize it without notice, and sell it…
Unsafe cars, whether caused by prior wreck or flood damage, or other causes, are a danger to drivers, passengers, and other road users. Serious flood damage to vehicles is a regular and growing occurrence. In 2017, Hurricanes Irma and Harvey flooded almost one million cars in a two week period. And estimates are that about…
