Agency Information Collection Activities; Proposed Collection; Comment Request; Extension
The FTC is seeking public comment on extending an information collection requirement under the Paperwork Reduction Act. This is a routine procedural step to maintain existing compliance obligations, not a new rule. No immediate action is required beyond monitoring.
Aforeworn detected this change in the Auto Dealer F&I Compliance space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. All auto dealers subject to FTC regulations (franchise, independent, BHPH, F&I managers) should confirm how it applies to their specific situation before acting. There is a time constraint attached: Comment period ends 60 days after publication (around June 16, 2026).. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Auto Dealer F&I Compliance continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
The FTC proposes to extend for three years an existing information collection (likely related to recordkeeping or disclosure requirements under the CARS Rule or Truth in Lending). No substantive changes to the rule or obligations.
Who it affects
All auto dealers subject to FTC regulations (franchise, independent, BHPH, F&I managers)
What you must do
No action required now. If you wish to comment on the extension, submit by the deadline. Otherwise, continue current compliance practices.
Deadline
Comment period ends 60 days after publication (around June 16, 2026).
Never miss a change like this again
Aforeworn watches Auto Dealer F&I Compliance around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
Start your free trialRelated changes in Auto Dealer F&I Compliance
- Regulations and policy | Consumer Financial Protection Bureau
- Automobiles | Federal Trade Commission
- Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
- Concept Release on Residential Mortgage-Backed Securities Disclosures and Enhancements to Asset-Backed Securities Registration
- Car Loan Interest Deduction