Movement highlights challenging auto dealer market

Published by: Sean Brown

September 21, 2022 | Regulatory

As your credit union seeks to put people over profit and help members thrive, other industries may impact the ability for people and communities to meet kitchen table realities, like purchasing an affordable and safe vehicle. To further highlight the ongoing challenges Ohio credit unions voiced when assisting members purchasing a vehicle, the League commented on a recent Federal Trade Commission (FTC) proposed rule related to potentially harmful, predatory, or misrepresentative actions of motor vehicle dealers. Restricted financing options and strained market dynamics disrupt the ability for credit unions to help members make the best financial choice. People need transparent and clear finance options to make empowered choices regarding their finances and well-being, and the League used examples provided by Ohio credit unions to encourage the FTC to prioritize the importance of consumer affordability and financial optionality in the motor vehicle dealer financing process.

Read the comment letter and connect with League Regulatory Affairs Director Sean Brown for any questions or concerns regarding this FTC proposal.

Contact Sean Brown for questions or assistance.

Sean Brown
Sean Brown Director, Regulatory Affairs E: sbrown@ohiocul.org
Contact Us

Other Movement News

Government Affairs

Members advance advocacy priorities in Washington, D.C.

Credit union advocacy strength is built by the willingness of Ohio credit unions to go above and beyond to advocate for 3.2 million Ohioans. Last week, 39 leaders from 26 […]
Regulatory

Credit unions connect with NCUA Chairman during Hike the Hill

Optimal regulation occurs when regulators and regulated organizations collaborate on safety, soundness, and consumer protection priorities without negatively impacting operational viability. Almost 40 Ohio credit union leaders traveled to the […]
Member Benefits

Congratulations 2023 award winners

Credit unions make a positive impact on people’s daily lives, and the League is proud to acknowledge the dedicated individuals who make it all happen each year. This year holds […]