Ftc Safeguards Rule 2024 For Auto Dealers

Ftc Safeguards Rule 2024 For Auto Dealers. The federal trade commission recently issued a final rule that is squarely aimed at changing the way dealers interact with customers in the financing process. As the commission noted when finalizing the rule, the cars rule will save consumers more than $3.4 billion and an estimated.

There are nine major requirements for auto dealerships to stay compliant under the new rules: The ftc issued a complex set of new amendments to its safeguards rule, which require dealers to undertake a series of procedural, technical, and contractual steps to protect.