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9-0 Supreme Court ruling guts FTC's ability to seek redress for consumers

15 days ago   |   By Politico

The Federal Trade Commission can't force companies that engage in wrongdoing to pay back consumers or give up ill-gotten profit, the Supreme Court held Thursday, dealing a huge blow to the agency that could hamper its antitrust and privacy cases.
The FTC's authority under a provision known as Section 13 is limited to seeking an injunction to stop illegal actions and doesn't authorize it to seek monetary remedies like restitution, Justice Stephen Breyer wrote for the unanimous court.
Section “13 as currently written does not grant the Commission authority to obtain equitable monetary...
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Supreme Court cuts back FTC power to seek ill-gotten gains

Supreme Court cuts back FTC power to seek ill-gotten gains

15 days ago   |   By My Sanantonio

WASHINGTON - A unanimous Supreme Court on Thursday cut back the Federal Trade Commission's authority to recover ill-gotten gains, overturning a nearly $1.3 billion award against a professional race car driver who was convicted of cheating consumers through his payday loan businesses.
The high court's ruling takes away what the FTC has called “one of its most important and effective enforcement tools," used in recouping billions of dollars over the past decade.
Justice Stephen Breyer wrote in his opinion for the court that the provision of federal law that the FTC has relied on does not...
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