The Supreme Court Gutted the FTC’s 13(b) Remedial Powers, Preventing the Agency from Making Cheating Corporations Pay for Their Crimes
Now it's up to Congress to fix the problem.
In April, the Supreme Court, in a case called AMG Capital Management, LLC v. FTC, completely gutted Section 13(b), a vital section of the Federal Trade Commission Act that allowed the FTC to return money deceptively or fraudulently stolen from consumers. I explain the consequences of this decision and how only Congress can fix this problem in my latest publication on the Open Markets Institute’s website. You can read the full article here.
Here is the first paragraph:
The Supreme Court on April 22 released a unanimous opinion that completely gutted an essential power of the Federal Trade Commission to return money stolen from consumers by fraudulent corporations. It is now up to Congress to fix the damage the Supreme Court has caused so the agency can continue to return billions of dollars back to vulnerable consumers.