Associate Director, Consumer & Business Education, FTC
When you want to know what’s going on with a group, you go directly to the source, right? That’s exactly what the FTC did last week when it held a Military Consumer Financial Workshop in San Antonio, Texas. The day’s purpose was to take a look at the financial issues and scams that can affect military consumers – active duty servicemembers, veterans, and their families.
Associate Director, Consumer & Business Education, FTC
Today, the FTC announced a settlement with Volkswagen over 3.0 liter diesel cars the company claimed had low levels of harmful emissions, but did not. The settlement affects more than 77,000 cars made by VW, Audi or Porsche. These cars were not covered by the settlement announced last year, which covered similar false advertising for VW and Audi 2.0 liter diesel cars.
Manuel and his wife just found the perfect minivan! They can’t wait to take it home and surprise the kids. But first, there’s the issue of how to pay for it. The dealer financing seems like a good deal, so they go for it. A few days later, the dealer calls to tell Manuel the financing deal fell through. He says Manuel has to accept a new, more expensive deal or he’ll lose the minivan. What will Manuel do?
The Federal Trade Commission (FTC) is the nation’s consumer protection agency. The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace.