MenuMENU
SearchSEARCH

FTC Denies Extending Comment Period on Proposed Dealer Regulations

The FTC voted 5-0 against a further deadline extension after receiving approximately 2,400 comments.

August 30, 2022
FTC Denies Extending Comment Period on Proposed Dealer Regulations

The FTC voted 5-0 against a further deadline extension after receiving approximately 2,400 comments.

Credit:

IMAGE: Getty Images/sabthai

1 min to read


The Federal Trade Commission (FTC) has denied requests from the National Automobile Dealers Association and other trade groups to extend the deadline for public comments on proposed auto dealer regulations.

FTC Secretary April Tabor wrote in an undated document that the public has already received an additional 20 days to submit comments. The new regulations were proposed on June 23, published in the Federal Register on July 13, with the 60-day comment period ending on Sept. 12. The total days for comment add up to 80 days.

"This period affords the public a meaningful opportunity to provide the Commission with comments regarding its rulemaking proposal," Tabor wrote. "Upon consideration of these facts and the requests, the commission declines to extend the period for public comment."

The FTC voted 5-0 against a further deadline extension after receiving approximately 2,400 comments. Other associations requesting an extension include the American International Automotive Dealers Association, the National Independent Automotive Dealer Association and the National Association of Minority Automobile Dealers.

In the F&I field, American Financial Services Association, the Service Contract Industry Council, the Guaranteed Asset Protection Alliance and the Motor Vehicle Protection Products Association also sought an extension.

More Dealer Ops

F&Iby StaffApril 2, 2025

DOWC Powers the Future of F&I for NESNA

Company is providing a fully integrated F&I administration model to Nissan Extended Services North America’s dealer network.

Read More →
IndustryNovember 27, 2024

Six Powerful Questions

Take the time to answer these and lay the groundwork for a successful year-end.

Read More →
Dealer Opsby Hannah MitchellSeptember 19, 2024

Sunny Side Up

Many dealers are going green – both environmentally and cash-wise – by powering their stores with solar-generated electricity.

Read More →
Ad Loading...
IndustryAugust 26, 2024

Is It Time to Rethink Business Development Centers?

Their role at automotive dealerships is essential today to give salespeople time to close deals.

Read More →
Product & Technologyby Hannah MitchellAugust 22, 2024

A Backup Plan

DMS outage revealed a gap that dealers may want to fill.

Read More →
Dealer OpsAugust 20, 2024

Maximizing Revenue Potential

The strategic imperative for auto dealers is to prioritize F&I product sales and wealth-building in challenging times.

Read More →
Ad Loading...
IndustryAugust 7, 2024

How to Optimize Liquidity in a Fluid Environment

It's wise to not take your dealership's banking relationships for granted.

Read More →
IndustryJuly 29, 2024

Unlocking the Keys to Success

Why customer retention matters now more than ever

Read More →
Dealer Opsby StaffJuly 23, 2024

Store Names First Female Dealer Principal

Howard Bentley Buick GMC is now headed by Taylor Bentley Conner.

Read More →
Ad Loading...
IndustryJuly 18, 2024

Masters in Training

Rick McCormick preaches the wisdom of breaking into what he considers the top 3% of F&I managers with a stance of continuous development.

Read More →