How to Stop the Car Financing Yo-Yo

Consumer groups call for federal action to rein-in shady auto credit practices

Photo by Opollo Photography on Unsplash

A coalition of consumer groups is urging the Federal Trade Commission (FTC) to take action that would prohibit so-called “Yo-Yo” auto sales. In practice, this means allowing a buyer to drive a car off the lot before a contract is fully executed with a third-party credit…