Unfair or Deceptive Practices Affecting Consumers
Section 5 of the Federal Trade Commission Act, 15 U.S.C. § 45 grants the FTC power to investigate and prevent deceptive trade practices. The statute declares that “unfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce, are hereby declared unlawful.” Unfairness and deception towards consumers represent two distinct areas of FTC enforcement and authority. The FTC also has authority over unfair methods of competition between businesses.
Read more about this topic: Federal Trade Commission
Famous quotes containing the words unfair, deceptive, practices, affecting and/or consumers:
“It’s unfair of a circle to accuse the angle of being sharp.”
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“[The] attempt to devote oneself to literature alone is a most deceptive thing, and ... often, paradoxically, it is literature that suffers for it.”
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“It is a relief to read some true book, wherein all are equally dead,—equally alive. I think the best parts of Shakespeare would only be enhanced by the most thrilling and affecting events. I have found it so. And so much the more, as they are not intended for consolation.”
—Henry David Thoreau (1817–1862)
“Clearly, some time ago makers and consumers of American junk food passed jointly through some kind of sensibility barrier in the endless quest for new taste sensations. Now they are a little like those desperate junkies who have tried every known drug and are finally reduced to mainlining toilet bowl cleanser in an effort to get still higher.”
—Bill Bryson (b. 1951)