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 can stand brute force, but brute reason is quite unbearable. There is something unfair about its use. It is hitting below the intellect.”
—Oscar Wilde (1854–1900)
“There is nothing more deceptive than an obvious fact.”
—Sir Arthur Conan Doyle (1859–1930)
“Such is the art of writing as Dreiser understands it and practices it—an endless piling up of minutiae, an almost ferocious tracking down of ions, electrons and molecules, an unshakable determination to tell it all. One is amazed by the mole-like diligence of the man, and no less by his exasperating disregard for the ease of his readers.”
—H.L. (Henry Lewis)
“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)
“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)