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April 22, 2021 04:04 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/_CBej5AVR2E/supreme-court-slashes-ftcs-power-to-seek-monetary-awards
Supreme Court Slashes FTC's Power To Seek Monetary Awards
The U.S. Supreme Court slashed the Federal Trade Commission's power to seek monetary awards in court, throwing out a legal tool the consumer-protection agency has used to collect billions of dollars over the past decade. From a report: The justices on Thursday unanimously said the FTC can't seek consumer redress when it invokes a provision that lets the agency go straight to federal court to try to stop an alleged fraud. The ruling is a triumph for business trade groups, which urged the court to curb the agency's powers. The FTC in 2012 dramatically ramped up its use of the decades-old provision to recoup money. The agency reported winning so-called restitution and disgorgement of almost $12 billion in 2016 alone, including $10 billion in a settlement with Volkswagen AG stemming from its diesel-emissions scandal. Writing for the court, Justice Stephen Breyer said the FTC retains other avenues to get restitution for consumers, though those tools involve a more complicated process. "If the commission believes that authority too cumbersome or otherwise inadequate, it is, of course, free to ask Congress to grant it further remedial authority," Breyer wrote.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/_CBej5AVR2E/supreme-court-slashes-ftcs-power-to-seek-monetary-awards
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