What does the new FTC proposal mean for your business?
Get Insights From EFG.
On June 27, 2022, the Federal Trade Commission voted 4:1 to go beyond existing federal advertising laws and federal prohibitions on unfair and deceptive dealership practices, issuing a new proposal on July 12, 2022. The FTC is collecting opinions, responses, and concerns with a submission deadline of September 12, 2022 (60 days after the announcement).
As your F&I partner, EFG has reviewed the proposal in detail, and has developed a recommended course of action for its client partners. It is critical for dealers like you to engage with the FTC right now and share your opinions. Those opinions should be shared here as soon as possible.
Browse the resources below to keep you in the know.
Proposal Category Details and
Questions to Ask the FTC