Car Dealers Want To Evade Thumb Of New Consumer Protection Agency
The financial meltdown led some folks - including the president - to opine that the little guy has sure taken it in the shorts these last few years, and that government must do more to protect consumers. “Loan financing represents a huge source of income for auto dealers,”
says the letter to the House Financial Services Committee, signed by Consumer Watchdog, Consumers Union, the
California Public Interest Group, the NAACP, and many others. “While
the vehicles themselves have never been better, auto sales and
financing practices have never been worse. In fact, year after year,
auto sales and service complaints, typically related to predatory
lending practices at dealerships, rank number 1 among consumer
complaints lodged with state and local consumer protection agencies.<br />
