On 9/4/2020, the Federal Trade Commission (FTC) issued a statement regarding their efforts to cease operations of an auto group. The court-approved settlement resolves charges that the dealerships deceived consumers and falsified information on vehicle financing applications. According to their statement, the FTC explained that the auto group “ falsified consumers’ income and down payment information on vehicle financing applications and misrepresented important financial terms in vehicle advertisements.”
The full FTC release can be found here.