Wisconsin Department of Financial Institutions

FTC and Wisconsin Take Action Against Rhinelander Auto Center for Illegally Discriminating Against American Indian Customers and Charging Unlawful Junk Fees

Retrieved on: 
Thursday, October 26, 2023
Douglas v. U.S. District Court ex rel Talk America, Consumer protection, Federal Trade Commission, Commission, Complaint, Social media, Financial institution, State, News, Wind, Rock Island State Park (Wisconsin), Justice, Deception, Wisconsin Department of Agriculture, Trade and Consumer Protection, White, Guaranteed asset protection insurance, Wisconsin Department of Financial Institutions, District court, Partnership, FTC, Blog, Department, Better Business Bureau, Wisconsin Department of Justice, Insurance, Transport, Towne
Key Points: 

FTC and Wisconsin Take Action Against Rhinelander Auto Center for Illegally Discriminating Against American Indian Customers and Charging Unlawful Junk Fees

Retrieved on: 
Tuesday, October 24, 2023
Douglas v. U.S. District Court ex rel Talk America, Consumer protection, Federal Trade Commission, Commission, Complaint, Social media, Financial institution, State, News, Wind, Rock Island State Park (Wisconsin), Justice, Deception, Wisconsin Department of Agriculture, Trade and Consumer Protection, White, Guaranteed asset protection insurance, Wisconsin Department of Financial Institutions, District court, Partnership, FTC, Blog, Department, Better Business Bureau, Wisconsin Department of Justice, Insurance, Transport, Towne

“Working closely with the State of Wisconsin, we are holding these dealerships accountable for discriminating against American Indian customers and sneaking junk fees onto consumers’ bills,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.

Key Points: 
  • “Working closely with the State of Wisconsin, we are holding these dealerships accountable for discriminating against American Indian customers and sneaking junk fees onto consumers’ bills,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.
  • The complaint cites one survey of Rhinelander customers that shows half of the dealer’s customers said they were charged for add-ons without authorization or through deception.
  • Rhinelander and Towne discriminated against American Indian customers in the cost of financing by adding more “markup” to their interest rates, according to the FTC’s complaint.
  • This additional markup cost American Indian customers $401 more on average compared to non-Latino white customers.
  • In addition, the complaint alleges that American Indian customers were charged for unwanted add-ons at a higher rate than non-Latino white customers.

SEC, NASAA, and Wisconsin DFI to host Investor Roundtable in Madison, Wisconsin on July 25

Retrieved on: 
Friday, July 21, 2023
Securities Investor Protection Corporation, North American Securities Administrators Association, Canadian Investor Protection Fund, Wisconsin Department of Financial Institutions, Financial institution, NASAA, SIPC, DFI, Security (finance), Music, Financial adviser

The afternoon session of the roundtable will be webcast on the SEC website.

Key Points: 
  • The afternoon session of the roundtable will be webcast on the SEC website.
  • SEC Chair Gary Gensler will provide virtual opening remarks, and SEC Commissioner Mark Uyeda will attend in-person.
  • I look forward to welcoming our SEC colleagues, and further strengthening investor advocacy in Wisconsin,” said Leslie Van Buskirk , Wisconsin Department of Financial Institutions Securities Division Administrator and Vice Chair of the SEC’s Investor Advisory Committee .
  • Location:          Wisconsin Department of Financial Institutions Headquarters, Hill Farms State Office Building - 4822 Madison Yards Way, Madison, WI 53705