Supreme Court docket kills FTC’s “strongest device” for getting refunds to rip-off victims

Enlarge / Supreme Court docket Justices, from left, Chief Justice John Roberts, Stephen Breyer, and Elena Kagan hear throughout then-President Trump’s State of the Union handle to a joint session of Congress on the US Capitol in Washington, DC, on Tuesday, Jan. 30, 2018. (credit score: Getty Photographs | Bloomberg)
A Supreme Court docket ruling yesterday killed the Federal Commerce Fee’s “strongest device” for combating rip-off artists and securing refunds for wronged customers, the FTC’s appearing chairwoman stated.
“The Supreme Court docket dominated in favor of rip-off artists and dishonest firms, leaving common People to pay for unlawful habits,” FTC Appearing Chairwoman Rebecca Kelly Slaughter stated in a press release after the ruling. “With this ruling, the Court docket has disadvantaged the FTC of the strongest device we had to assist customers after they want it most. We urge Congress to behave swiftly to revive and strengthen the powers of the company so we are able to make wronged customers complete.”
Although it was criticized by Slaughter and client advocates, the Supreme Court docket’s ruling in a case involving misleading payday lending practices was unanimous. In AMG Capital Administration v. Federal Commerce Fee, the courtroom dominated that Part 13(b) of the Federal Commerce Fee Act “doesn’t authorize the Fee to hunt, or a courtroom to award, equitable financial aid equivalent to restitution or disgorgement” for customers.Learn 15 remaining paragraphs | Feedback

Supply hyperlink

Leave a Reply

Your email address will not be published. Required fields are marked *