On December 12, 2023, the Federal Trade Commission (FTC) announced it has finalized the Combating Auto Retail Scams Rule (CARS Rule), which imposes various obligations affecting dealers’ sales practices and will also impact...more
1/23/2024
/ Add-ons ,
Car Dealerships ,
CARS Rule ,
Dealers ,
Disclosure Requirements ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Lenders ,
Military Service Members ,
Misrepresentation ,
Recordkeeping Requirements ,
Scams
Key points:
•The Wisconsin Supreme Court’s recent decision in Duncan v. Asset Recovery Specialists, 2022 WI 1, provides a clarifying interpretation of provisions of the Wisconsin Consumer Act (WCA) relating to...more
On January 13, 2021, the Illinois General Assembly passed the Predatory Loan Prevention Act, which imposes a 36% “all in” APR cap on all consumer loans, including closed-end and open-end installment loans, payday loans, and...more