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In a 2-1 decision, the Louisiana-based appellate court said the Federal Trade Commission had violated procedural rules by not giving advance notice of the planned requirements, which were focused ...
Unfair business practices (also Unfair Commercial Practices) describes a set of practices by businesses which are considered unfair, and which may be unlawful. It includes practices which are covered by other areas of law, such as fraud , misrepresentation , and oppressive or unconscionable contract terms.
The unfairness doctrine is a doctrine in United States trade regulation law under which the Federal Trade Commission (FTC) can declare a business practice "unfair" because it is oppressive or harmful to consumers even though the practice is not an antitrust violation, an incipient antitrust violation, a violation of the "spirit" of the antitrust laws, or a deceptive practice.
Although rebating, which involves giving back some of the purchase price (or offering some sort of per customer discount) is common in some industries, as of 2009, 48 states and D.C. prohibited it in insurance by adopting a law based upon the NAIC Model Unfair Trade Practices. [24]
Anti-competitive practices are commonly only deemed illegal when the practice results in a substantial dampening in competition, hence why for a firm to be punished for any form of anti-competitive behavior they generally need to be a monopoly or a dominant firm in a duopoly or oligopoly who has significant influence over the market.
WASHINGTON (Reuters) -Donald Trump will issue a broad trade memo on Monday that stops short of immediately imposing new tariffs on his first day in office but directs federal agencies to evaluate ...
The Agricultural Fair Practices Act of 1967 (P.L. 90-288) was enacted to protect farmers from retaliation by handlers (buyers of their products) because the farmers are members of a cooperative. [1] The act permits farmers to file complaints with USDA , which can then institute court proceedings , if they believe their rights under the law have ...
The goods trade gap increased 18.0% to $122.1 billion last month, the largest since the government started tracking the series in 1992, the Commerce Department's Census Bureau said.