Car Dealers Target FTC Over Credit Score Reporting Rule

Law360, New York (September 22, 2011, 8:05 PM EDT) -- The National Automobile Dealers Association on Thursday sued the Federal Trade Commission in Washington federal court, claiming the commission's rules implementing credit score disclosure requirements went beyond Congress' intent in the Fair Credit Reporting Act.

The rules require that dealers who engage in three-party financing transactions — like car dealers, who often work with both the purchaser and a bank providing credit in a sale — provide consumers with risk-based pricing notices and their credit scores, even if the dealers did not use a consumer report...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

NATIONAL AUTOMOBILE DEALERS ASSOCIATION v. FEDERAL TRADE COMMISSION


Case Number

1:11-cv-01711

Court

District Of Columbia

Nature of Suit

Other Statutory Actions

Judge

Ellen S. Huvelle

Date Filed

September 22, 2011

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.