Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FTC proposes rule to protect car buyers
The Federal Trade Commission has proposed a rule to ban junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience. As auto prices surge, the Commission is seeking to eliminate the tricks and traps that make it hard or impossible to comparison shop or leave consumers saddled with thousands of dollars in unwanted junk charges. The proposed rule would protect consumers and honest dealers by making the car-buying process more clear and competitive. It would also allow the Commission to recover money when consumers are misled or charged without their consent.
The Commission seeks comment on the proposal, which would:
- Ban bait-and-switch claims
- Ban fraudulent junk fees
- Ban surprise junk fees
- Require full upfront disclosure of costs and conditions
Comments will be accepted for 60 days following Federal Register publication.
- Related FTC Consumer Alert
- UPDATE on publication and comment period: Published on 7/13/2022 at 87 FR 42012. Comments must be received by 9/12/2022.
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