Federal Trade Commission. Credit: Diego M. Radzinschi/ALM FTC Urges Lawmakers to Restore Authority to Refund Consumers Harmed by Fraud
FTC's call follows a 2021 U.S. Supreme Court decision that the agency cannot seek monetary relief in claims brought under the FTC Act's remedial provision, Section 13(b).
October 19, 2023 at 03:54 PM
4 minute read
The Federal Trade Commission this week urged Congress to amend the Federal Trade Commission Act in response to a 2021 U.S. Supreme Court ruling that limited the agency's ability to recoup money for defrauded consumers, including older Americans who were reportedly cheated out of more than $1.6 billion last year.
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