Its authority to regulate on behalf of consumer protections comes from The Federal Trade Commission Act (FTC Act), which has broad jurisdiction over commercial entities under its authority to prevent unfair or "deceptive trade practices." While the FTC uses its authority to issue regulations, ...
They ban what some people see as deceptive trade practices that companies might want to use in order to try and outperform the competition. To put it another way, antitrust laws prevent companies from using dirty poker in order to stay ahead of the competition. What Do Antitrust Laws Prohibit?
On Aug. 10, theAttorney General of Texas sued Booking Holdings— which operates popular booking sites like Booking.com, Priceline, Agoda and Kayak — for deceptive trade practices, taking aim at companies that advertise one rate and tack on mandatory fees later in the buying process. The suit...
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you ever been the subject of an order, judgment, action or investigation of a court or any national or state regulatory or self-regulatory organization, such as the SEC or NASD, relating to a violation of the securities law or an accusation of civil or criminal fraud or deceptive practices?
Competition and Fair Play:Antitrust laws ensure that businesses compete fairly, preventing monopolies and deceptive practices. This sustains a level playing field for all businesses. What are the Functions of Business Law? In the world of business, whether it’s a massive corporation, a budding st...
Fraud prevention aims to identify a criminal’s financial gain from deceptive claims and practices. Fraud is distinguished from other financial crimes because it exploits legitimate payment structures, such as compensation schemes. The solution suite connects multiple internal and external datasets to ach...
and whether the contemplated privacy rules are limited to practices that have been found to be unfair or deceptive. Further, given Chair Khan’s interest in the intersection of privacy and competition, especially as to data accumulation, it will be interesting to see whether the FTC pursues data...
UDAAP is an acronym that stands for unfair, deceptive, or abusive acts or practices by the providers of financial products and services. They are illegal as per the Dodd-Frank Act. The law gives authority to the Consumer Financial Protection Bureau to come up with rules surrounding these illega...
In addition, the potential for market manipulation through deceptive practices or the exploitation of regulatory loopholes raises regulatory concerns. These types of actions, although legal, can undermine market integrity and erode trust among market participants, highlighting the need for ethical vigilance...