Attorney General Raoul And FTC Announce Proposed $20 Million Settlement With Leader Automotive Group
CHICAGO - Attorney General Kwame Raoul, in partnership with the Federal Trade Commission (FTC), announced a $20 million proposed settlement agreement with Leader Automotive Group (Leader) and its parent company, AutoCanada, to resolve allegations Leader defrauded consumers trying to buy vehicles. In addition to paying $20 million, which will be used to refund harmed consumers, the proposed settlement would require all Leader dealerships in Illinois to make clear disclosures of a car’s offering price, which is the actual price any consumer can pay to buy the car, excluding only required government charges. The settlement also requires the companies to receive consent from buyers for add-on product charges. “This dealership network engaged in bait-and-switch tactics by luring consumers into their dealerships with lower prices only to either require consumers to purchase allegedly pre-installed add-on products or charge consumers for those products without their knowledge
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