"FTC Backpedals on Dealership Fines: Agency Clarifies Intent Behind Mysterious Letters. In a surprise move, the Federal Trade Commission (FTC) has clarified that a series of letters sent to 97 dealership groups in March were not intended to serve as formal notices of penalty offenses. The letters, which sparked concerns among industry leaders, were initially thought to be a precursor to significant fines exceeding $53,000 per violation. However, the FTC has now confirmed that the letters were merely informational, sparking questions about the agency's communication strategy and the potential implications for the affected dealerships."
The FTC confirmed its March letters to 97 dealership groups were not notices of penalty offenses, one of three ways the agency can bring fines of more than $53,000 per violation.
