Supreme Court Weighs Whether FTC Law Permits Customer Redress

Supreme Court Weighs Whether FTC Law Permits Customer Redress

Supreme Court justices struggled to balance precedent enabling the FTC to follow customer redress from fraudsters against limits when you look at the agency’s statute that is governing a case involving a payday lender’s $1.3 billion penalty.

The high court heard arguments Wednesday in AMG Capital Management LLC v. FTC, an instance that may constrain the commission from searching for financial relief for fraud victims under part 13(b) associated with Federal Trade Commission Act. Part b that is 13( ended up being a 1973 amendment to your 1914 legislation that created the payment.

The language associated with the statute just states that the FTC could look for injunctive relief, but will not state perhaps the payment can seek equitable relief, including customer redress. […]

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