News & Analysis as of

Motor Vehicles Lease Financing

BakerHostetler

Industry Challenges Lead to Postponement of New FTC CARS Rule to Stop Car Dealership ‘Scams’

BakerHostetler on

A recent rule promulgated by the Federal Trade Commission (FTC) seeks to regulate possibly deceptive practices in automobile sales. Finalized in December, the Combating Auto Retail Scams (CARS) Rule looks to protect...more

Ballard Spahr LLP

FTC postpones effective date for CARS Rule in response to legal challenge

Ballard Spahr LLP on

On January 18, 2024, the Federal Trade Commission’s (“FTC”) announced that it is postponing the effective date of the Combating Auto Retail Scams Rule (“CARS Rule”) in light of the legal challenge from industry trade...more

McDermott Will & Emery

Mobility@McDermott: Monthly Update (12/2023)

1. European Court of Justice rules on withdrawal rights regarding vehicle financing and leasing - In a judgment released on 21 December 2023, the European Court of Justice (“ECJ”) further clarified the requirements for...more

Ballard Spahr LLP

Industry continues efforts seeking withdrawal of Department of Defense MLA interpretation on GAP insurance financing

Ballard Spahr LLP on

Early last year, several trade groups, including the National Automotive Dealers Association (NADA), sent letters petitioning the Department of Defense (DoD) to rescind or withdraw Question and Answer #2 (Q&A 2) from its 2016...more

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