GAO’s reports and testimonies give Congress, federal agencies, and the public timely, fact-based, non-partisan information that can improve government operations and save taxpayers billions of dollars.
While there is no universally accepted definition, the term "predatory lending" is used to characterize a range of practices, including deception, fraud, or manipulation, that a mortgage broker or lender may use to make a loan with terms that are disadvantageous to the borrower.
In response to a congressional request, GAO provided information on how the Federal Trade Commission (FTC) and a nonprofit organization handled an individual's claims under an automobile manufacturer's written warranty.
The Federal Trade Commission (FTC) Improvements Act of 1980 provides for congressional review of final rules promulgated by FTC. The Act requires that, before the end of the fiscal year, the Comptroller General submit a report to Congress.