FTC reveals CARS Rule to protect consumers from car-buying scams

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A new rule finalized by the Federal Trade Commission on Tuesday, which will go into effect next summer, will help protect you from illegal scams when buying a car, the agency said. 

The new rules, prohibiting bait-and-switch tactics and hidden junk fees, is expected to save consumers nationwide more than $3.4 billion and an estimated 72 million hours each year shopping for vehicles, the FTC said in a press release. 

The Combating Auto Retail Scams (CARS) Rule also includes clear…

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