Partners Daniel Savrin, David Monteiro, and Allen Denson and associate Daniel Fishbein co-authored a Law360 Expert Analysis discussing the Federal Trade Commission’s Combating Auto Retail Scams (CARS) rule, which aims to change the way auto dealers interact with customers in the financing process.
The authors provide an overview of the CARS rule’s key provisions, as well as its implications for automotive lenders. The article concludes with recommended next steps for both automotive lenders and servicers.