
Blog
Welcome to the McPhail Sanchez, LLC blog, where we keep you informed about the latest ongoing legal developments in the world of default servicing and creditor’s rights.
FTC vs Vroom, Inc.
By Ben Mayer On June 2, 2024, the Federal Trade Commission filed a lawsuit against Vroom, Inc., a Texas-based online used car dealer. In the Complaint, the FTC alleged that Vroom violated several of the FTC’s trade regulation rules relating to misrepresentations made concerning the company’s vehicle examination processes, failure to promptly deliver vehicles as promised, and failing to properly inform buyers of the scope of each car’s warranty. The proposed settlement between the parties requires Vroom to pay $1 million to the FTC to be used to refund customers harmed by these violations. This suit highlights the importance of compliance with federal industry regulations, insuring that representations made to
January 14, 2025