Saturday, March 3, 2012

MAZDA SETTLES ADVERTISING COMPLAINT.(BUSINESS)

Byline: Associated Press

WASHINGTON -- Mazda will pay $5.25 million to settle charges it violated government agreements requiring that the automaker clearly disclose important car leasing terms in its advertising, federal regulators said Thursday.

The civil penalties include a $4.05 million fine, the largest obtained by the Federal Trade Commission's bureau of consumer protection, for what the FTC said was a failure to abide by a February 1997 order about Mazda's advertising. Mazda also agreed to pay a total of $1.2 million in fines and costs to 24 states.

The complaint and consent decree were filed …

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