By: Robert J. Nahoum Hidden car dealer fees are at the center of a new Federal Trade Commission (FTC) case involving Stream Auto Outlet, a Long Island dealership group. The FTC alleges that the group advertised attractive prices online but later required consumers to pay thousands of dollars more. A proposed settlement would require more transparent advertising, but it does […]
Hidden Car Dealer Fees, No Fine: What the Stream Auto Settlement Means for Buyers
The Federal Trade Commission Publishes Statements on the Debt Buying Industry Including a List of Banned Debt Collectors
By: Robert J. Nahoum In a blog post, the Federal Trade Commission published important statements about the debt buying industry and its efforts to self-regulate including a list of 75 debt buyers banned from participating in the debt collection industry.  Below is a reprint of the post prepared by Reilly Dolan, the FTC’s Associate Director, Division of Financial Practices . “Last year the FTC […]