Does it ever feel like once a year, compliance rears back up to take over the headlines, only to die down again? Well compliance is back and it is making waves.
Our friends over in the retail automotive space received a white elephant gift at the end of 2023, wrapped up in compliance paper with a tag from the Federal Trade Commission (FTC) with the announcement of the Combating Auto Retail Scams (CARS) Rule.
The CARS Rule specifically provides protection for military and active-duty service members who, according to the FTC, are frequently targets for vehicle scams. The FTC states that service members have an average of twice as much auto debt as civilians.