Respected Towson Lawyers Help Clients Navigate Auto Industry Regulatory Issues
Capable Maryland attorneys counsel automobile dealership financial compliance and operational matters
Automobile sales and lending practices are subject to exacting federal and state regulations. At Freeman Associates, LLC in Towson, we understand the challenges of running a business in the auto industry. We represent auto dealerships and finance companies across Maryland, Washington, D.C. and Texas in state and federal compliance matters, as well as in dispute resolution. With our extensive and varied experience, we know how to effectively address a wide range of issues that affect this industry and implement sound procedures to avoid legal entanglements.
What types of legal issues do automobile dealerships commonly face?
The Federal Trade Commission (FTC) and state agencies monitor the operations of auto dealers and auto finance companies. Auto dealers and finance companies are subject to numerous regulations intended to protect consumers from unfair and deceptive business practices. Compliance with these rules can be burdensome and complicated, sometimes leading to legal disputes. The following are just a few examples of the many legal issues we handle:
- Lemon Law cases
- Administrative investigations/actions by state regulatory agencies, such as the DMV and Attorney General
- Consumer fraud complaints
- Licensing issues
- Misrepresentation in advertising claims
- Privacy and data security requirements
- Financial disclosure standards
We have represented the interests of dealerships and finance companies in front of regulatory agencies, in state and federal court, including at the appellate level and in arbitration. Regardless of your compliance issues, our team of attorneys has the skill and knowledge to address them and will detail your legal options.
What is the impact of the Consumer Financial Protection Bureau on auto lenders?
The FTC’s Consumer Financial Protection Bureau (CFPB) is charged with ensuring compliance with fair lending laws and regulations. When the CPFB discovers violations, it can impose financial penalties. Among the items CFPB examiners investigate are the following:
- Internal compliance programs
- Advertising and marketing practices
- Lending practices
- Payment processing and account maintenance
- Collection practices
- Credit reporting, information sharing and privacy procedures
An experienced compliance attorney can identify potential concerns before they become a problem. We are highly skilled at helping clients navigate regulatory requirements and staving off governmental investigation.
Contact our experienced Maryland advocates to schedule a free initial consultation
At Freeman Associates, LLC, we work to establish long-term relationships with our clients and counsel automobile dealers and auto finance companies throughout Maryland, Washington, D.C. and Texas in compliance and operational matters. Please call 443-901-5012 or contact us online today to schedule a free consultation at our Towson office.
