Auto Dealers and Finance Industry Beware: The FTC is Watching

The Federal Trade Commission (FTC) is cracking down on discriminatory practices in the auto finance industry, as highlighted by the troubling case of Bronx Honda. Allegations of targeting minority customers with deceptive financing tactics have raised serious concerns about fairness in auto sales. With a settlement requiring $1.5 million in consumer relief and new compliance measures, the FTC is sending a clear message: bad practices will not be tolerated. As industry leaders call for reform, the implications for auto dealers and manufacturers are significant. Discover how these developments could reshape the automotive landscape and protect consumers.