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City Charges Dealership with Lying on Finance Applications

City Charges Dealership with Lying on Finance Applications Featured

The New York City Department of Consumer Affairs announced extensive charges against several used-car dealerships that together comprise Queens-based Major World (Major World Español). The company’s three dealerships and their owners are being charged with using deceptive and illegal practices to profit from low-income and immigrant consumers. DCA’s complaint document alleges numerous violations and wide-ranging consumer harm, and seeks more than $2 million in consumer restitution and fines (approximately $770,000 in restitution and $1.7 million in fines). DCA is also seeking revocation of the company’s three DCA second-hand auto dealer licenses and the creation of a trust fund for any unidentified consumers who have been harmed. DCA also encourages any consumer who feels Major World lied to them about the price of their car to contact the agency by calling 311, or by filing a complaint at nyc.gov/dca.DCA’s investigation to-date includes 30 consumers. DCA claims that Major World has been submitting false information on consumers’ credit applications, such as nature of employment, income levels, and monthly rent obligations, in addition to falsely inflating car values.
Last modified on Sunday, 19 March 2017 15:02
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