Tony Walker 49up

In over a dozen class-action lawsuits, leasing companies have been accused of violating consumer lending laws by charging excessive early-termination penalties on leases. According to plaintiffs’ attorneys, leasing companies are not allowed to collect more than three times the monthly payment as a penalty. In many cases, companies were making their customers pay penalties of [...]

In 1996, five automakers were charged by the Federal Trade Commission with using deceptive advertising to market leases. General Motors, Mitsubishi Motor Sales of America, Mazda Motor of America, American Isuzu Motors, and American Honda Motor Co. were all accused of not providing proper disclosure in their television ads, making it difficult for consumers to [...]