May 17
If you were to pick a handful of businesses the average consumer would describe as capable of sticking it to buyers, the top of the list would have auto dealers along with, say, mattress stores, payday loan firms, and bankruptcy-assistance firms. Car dealers are running a full-court lobbying press for exemption from pending consumer protection legislation. Proponents of better protection laws include some groups you’d never imagine, such as the military, which says the hassles of dealing with car dealers and car-loan provisions hurt our military preparedness. Much of the consumer protection laws affecting dealers is at the state level. Dealers say that’s enough.
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