The Federal Trade Commission is holding a series of roundtable events and requesting public comment to gather information on possible consumer protection issues that may arise in the sale, financing or lease of motor vehicles. The first event took place in Detroit, Michigan on April 12, 2011. The FTC’s second motor vehicle roundtable took place at St. Mary’s University School of Law, One Camino Santa Maria, San Antonio, Texas on August 2 - 3, 2011. The FTC's third motor vehicle roundtable took place at the FTC Conference Center, 601 New Jersey Ave., N.W., Washington, D.C., on November 17, 2011.
Having access to a motor vehicle is essential for many consumers to fulfill their daily obligations. It imposes a substantial expense, however, and accordingly most consumers seek to lease or finance the purchase of a new or used car. As the nation's consumer protection agency, the Commission is committed to protecting consumers in connection with these financial transactions.