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Federal Trade Commission FTC released Policy Statement Regarding the Scope of Unfair Methods of Competition Under Section 5 of Federal Trade Commission Act. Expands scope of FTC considers unfair methods of competition prohibited under Section 5 of Federal Trade Commission Act.
Federal Trade Commission release policy statement on authority to police unfair methods of competition. This authority derived from Section 5 of the FTC Act is often referred to as standalone authority.
FTC and California Department of Financial Protection DFPI sued several companies and owners for allegedly operating illegal mortgage relief operation. Violated California Consumer Financial Protection Law CCFPL, the FTC Act, the FTC’s Mortgage Assistance Relief Services Rule.
Commissioner Alvaro Bedoya of Federal Trade Commission FTC delivered speech entitled Returning to Fairness, challenging basic tenets of antitrust law and enforcement. Purpose of antitrust laws to protect competition rather than competitors in effort maximize consumer welfare
Federal Trade Commission submitted updated abstract to Office of Information and Regulatory Affairs, may be considering Section 18 FTC Act rulemaking to curb lax security practices, limit privacy abuses, ensure algorithmic decision-making does not result in discrimination.