FTC Seeks To Boot Out Auto Dealers' Credit Score Suit

Law360, New York (December 20, 2011, 9:23 PM EST) -- The Federal Trade Commission on Monday sought to dismiss a lawsuit filed by an auto dealers group alleging the commission overstepped its authority with new credit disclosure rules, saying its authority comes from Congress and its interpretation of the federal law is correct.

The motion, filed in Washington federal court, came after the National Automobile Dealers Association sued the FTC in September, claiming rules requiring dealers who engage in three-party financing transactions — which could include a car dealer, buyer and a bank — provide consumers...
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