Antitrust Law Daily Wrap Up, ADVERTISING NEWS: West Virginia auto dealer to pay $80,000 to settle FTC charges of deceptive advertising, (Sep 18, 2015)
By Michael Menzhuber, J.D., LL.M.
Ramey Motors Inc., a West Virginia auto dealer, has agreed to pay an $80,000 civil penalty to settle FTC charges that it violated the terms of a 2012 consent order with the FTC that barred it from deceptively advertising the cost of buying or leasing cars, the agency announced today.
The civil penalty settlement resolves charges that Ramey Motors’ ads violated the consent order by concealing important terms of sale and lease offers, such as a required down payment, and failing to make credit disclosures clearly and conspicuously, as required by federal law; and prohibits Ramey Motors from violating the 2012 order.
The stipulated civil penalty order was entered by the U.S. District Court for the Southern District of West Virginia, on September 9.
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