The federal Truth in Lending Act (TILA) and the accompanying Regulation Z is considered the cornerstone of federal consumer protection laws. For the most part, TILA is simply a disclosure law designed to prevent unscrupulous creditors from preying on consumers. Unfortunately, TILA claims against auto dealers are common and penalties can be steep.
Tag: Dealership Law
Any marketer worth his salt will tell you that clarity is of the utmost importance in advertising. An unclear ad may fail to convey your intended message and waste precious capital. But state and federal prohibitions on deceptive or unfair trade practices provide an even more compelling reason for clarity – hefty fines!