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:
“I was so sick and faint, so overcome at the brutality of this fiendish sport, that I hardly heard the shouts of “Bravo! bravo!” and the fanfaronade of trumpets.... I do not know which astonished me the most, the strikingly curious, brilliant coup d’oeil, the dexterity of the men, the intrepidity of the animals, the miserable unfair play, or the pleasure of the spectators.”
—M. E. W. Sherwood (1826–1903)
“Men are gentle, honest and straightforward. Women are convoluted, deceptive and dangerous.”
—Erin Pizzey (b. 1939)
“Money made through dishonest practices will not last long.”
—Chinese proverb.
“Children must eventually train their own children, and any impoverishment of their impulse life, for the sake of avoiding friction, must be considered a possible liability affecting more than one lifetime”
—Erik H. Erikson (20th century)
“The ideology of this America wants to establish reassurance through Imitation. But profit defeats ideology, because the consumers want to be thrilled not only by the guarantee of the Good but also by the shudder of the Bad.”
—Umberto Eco (b. 1932)