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The CARS Rule: Making Auto Assets Accessible
We often forget that federal agencies have the power to create policy through rulemaking when it is within their allotted jurisdiction, but it is an important aspect of public policy. One shining example of rulemaking policy that could greatly improve the lives of low and moderate income Hoosiers is the CARS Rule.
The Federal Trade Commission's proposed policy promises to bolster vehicular asset building by making auto dealers actually sell vehicles for their listed price, ensuring transparency with financial consumers. If this policy were to go into effect, the experience of buying a car would no longer include intentionally confusing math or bait-and-switch sale strategies.
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