Word: ftc
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Dates: during 1980-1989
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...estimated 50% of used autos suffer mechanical failures within 45 days of the sale. To make car shopping safer for consumers, the Federal Trade Commission in 1981 devised a rule that ordered dealers to disclose a car's known defects on a window sticker. But last week the FTC staff relaxed its requirements...
...disclosure stickers on autos. But the notices will tell only whether the car has a warranty or specify which parts of the auto are guaranteed. The original rule never went into effect because it was blocked by a lawsuit and a lobbying blitz from auto dealers. The FTC now explains that the requirement would have Used cars in New York City been unhelpful to consumers because used-car dealers are often unaware of mechanical problems. The decision means that consumers will continue to shop for used cars the old-fashioned way, by kicking the tires and hoping for the best...
After an eleven-year fight, the FTC curbs undertakers
...FTC thinks that giving customers the option of rejecting extras will help reduce funeral costs. The average price is about $2,400 and can go much higher. At the Ritter Funeral Home in Milwaukee, the prices range from $580 for a cardboard casket and transport for immediate burial to $6,995 for a full-service funeral with the top-of-the-line bronze casket...
...FTC action, which permits the partners to build up to 250,000 autos a year, was also strongly opposed by Commissioners Michael Pertschuk and Patricia Bailey. Pertschuk called the venture "a classic antitrust violation...