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1
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DECISION & ORDER
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EXTRACTED KEY WORDS
COMMISSION LEASE CONSUMER REGULATION ADVERTISEMENT AMOUNT FUSZ FEDERAL TRADE COMMISSION COMPLAINT DISCLOSURE PAYMENT ACT FUSZ AUTOMOTIVE NETWORK RESPONDENT LOUIS OFFICER BUSINESS REVISED REGULATION VIOLATION FACTS CONTRAST TOTAL AMOUNT SUCCESSORS UTILIZING MANNER LEASE INCEPTION LESSEE EMPLOYMENT DIRECTORS CLA |
9523204
B231302
UNITED STATES OF AMERICA
BEFORE FEDERAL TRADE COMMISSION
COMMISSIONERS:
Robert Pitofsky, Chairman
Mary L. Azcuenaga
Sheila F. Anthony
Mozelle W. Thompson
Orson Swindle
In The Matter of
LOU FUSZ AUTOMOTIVE NETWORK, INC., a corporation, and LOUIS J. FUSZ,
JR., individually and as an officer of the corporation.
DOCKET NO. C-3780
DECISION AND ORDER
The Federal Trade Commission having initiated an investigation of
certain acts and practices of the respondents named in the caption
hereof, and the respondents having been furnished thereafter with a
copy of a draft of complaint which the Bureau of Consumer Protection
proposed to present to the Commission for its consideration and which,
if issued by the Commission, would charge the respondents with
violation of the Federal Trade Commission Act, the Consumer Leasing
Act and its implementing Regulation M, and the Truth in Lending Act
and its implementing Regulation Z; and
The respondents, their attorneys, and counsel for the Commission
having thereafter executed an agreement containing a consent order, an
admission by the respondents of all the jurisdictional facts set forth
in the aforesaid draft of complaint, a statement that the signing of
said agreement is for settlement purposes only and does not constitute
an admission by the respondents that the law has been violated as
alleged in such complaint, or that the facts as alleged in such
complaint, other than jurisdictional facts, are true and waivers and
other provisions as required by the Commission's Rules; and
The Commission having thereafter considered the matter and having
determined that it had reason to believe that the respondents have
violated the said Acts and Regulations, and that a complaint should
issue stating its charges in that respect, and having thereupon
accepted the executed consent agreement and placed such agreement on
the public record for a period of sixty (60) days, now in further
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2
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CONSENT AGREEMENT
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EXTRACTED KEY WORDS
FEDERAL TRADE COMMISSION ACT COMPLAINT LEASE PRACTICES ADVERTISEMENTS PROPOSED RESPONDENTS REPRESENTATION FUSZ AUTOMOTIVE NETWORK LOUIS PAYMENT OFFICER AMOUNT AGREEMENT CONSUMER REGULATION DRAFT COMPLAINT PRINCIPAL OFFICE PRINT STATEMENT DISCLOSURE ADVERTISED VEHICLES UNITED STATES CONSENT ORDER LEASE INCEPTION TOTAL AMOUNT VIOLATION AFFECTING COMMERCE AMERICA NORTH LINDBERGH BLVD |
UNITED STATES OF AMERICA
FEDERAL TRADE COMMISSION
)
In The Matter of )
) File No. 9523204
LOU FUSZ AUTOMOTIVE NETWORK, INC., )
a corporation, and ) AGREEMENT CONTAINING
) CONSENT ORDER
LOUIS J. FUSZ, JR., )
individually and as an officer )
of the corporation. )
)
The Federal Trade Commission has conducted an investigation
of certain acts and practices of Lou Fusz Automotive Network,
Inc., a corporation, and Louis J. Fusz, Jr., individually and as
an officer of the corporation ("proposed respondents"). Proposed
respondents, having been represented by counsel, are willing to
enter into an agreement containing a consent order resolving the
allegations contained in the attached draft complaint.
Therefore,
IT IS HEREBY AGREED by and between Lou Fusz Automotive
Network, Inc., by its duly authorized officers, and Louis J.
Fusz, Jr., individually and as an officer of the corporation, and
counsel for the Federal Trade Commission that:
1.a. Proposed respondent Lou Fusz Automotive Network, Inc. is a
Missouri corporation with its principal office or place of
business at 925 North Lindbergh Blvd., St. Louis, Missouri 63141.
1.b. Proposed respondent Louis J. Fusz, Jr. is president and a
principal stockholder of the corporate respondent. Individually
or in concert with others, he formulates, directs, or controls
the policies, acts, or practices of the corporation. His
principal office or place of business is the same as that of Lou
Fusz Automotive Network, Inc.
2. Proposed respondents admit all the jurisdictional facts set
forth in the draft complaint.
3. Proposed respondents waive:
a. Any further procedural steps;
SNIPPETS:
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3
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COMPLAINT
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EXTRACTED KEY WORDS
ADVERTISEMENTS RESPONDENTS PAYMENT CONSUMERS ACT EXHIBIT AMOUNT PRACTICES FEDERAL TRADE COMMISSION VIOLATION REGULATION PRINT STATEMENT FUSZ CREDIT REPRESENTATION ADVERTISED VEHICLES LOU FUSZ AUTOMOBILES DISCLOSE ALLEGES AFFECTING COMMERCE BOTTOM TAXES FEES OFFICER TRUTH SECURITY DEPOSIT MONTHLY PAYMENT FAILURE |
9523204
B231302
UNITED STATES OF AMERICA
FEDERAL TRADE COMMISSION
In The Matter of
LOU FUSZ AUTOMOTIVE NETWORK, INC., a corporation, and LOUIS J. FUSZ,
JR., individually and as an officer of the corporation.
DOCKET NO. C-3780
COMPLAINT
The Federal Trade Commission, having reason to believe that Lou Fusz
Automotive Network, Inc., a corporation, and Louis J. Fusz, Jr.,
individually and as an officer of the corporation ("respondents" or
"Lou Fusz"), have violated the provisions of the Federal Trade
Commission Act, 15 U.S.C. §§ 45-58, as amended, the Consumer Leasing
Act, 15 U.S.C. §§ 1667-1667e, as amended, and its implementing
Regulation M, 12 C.F.R. § 213, as amended, and the Truth in Lending
Act, 15 U.S.C. §§ 1601-1667, as amended, and its implementing
Regulation Z, 12 C.F.R. § 226, as amended, and it appearing to the
Commission that this proceeding is in the public interest, alleges:
1. Respondent Lou Fusz Automotive Network, Inc. is a Missouri
corporation`with its principal office or place of business at 925
North Lindbergh Blvd., St. Louis, Missouri 63141. Respondent offers
automobiles for sale or lease to consumers.
2. Respondent Louis J. Fusz, Jr. is an officer of the corporate
respondent. Individually or in concert with others, he formulates,
directs, or controls the policies, acts, or practices of the
corporation, including the acts or practices alleged in this
complaint. His principal office or place of business is the same as
that of Lou Fusz Automotive Network, Inc.
3. Respondents have disseminated advertisements to the public that
promote consumer leases, as the terms "advertisement" and "consumer
lease" are defined in Section 213.2 of Regulation M, 12 C.F.R.
213.2, as amended.
4. Respondents have disseminated advertisements to the public that
promote credit sales and other extensions of closed-end credit in
consumer credit transactions, as the terms "advertisement," "credit
sale," and "consumer credit" are defined in Section 226.2 of
Regulation Z, 12 C.F.R. § 226.2, as amended.
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