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In Australia unfair business practices are regulated under the Australian Consumer Law which is enforced by the Australian Competition & Consumer Commission (ACCC). For example, in 2023 the ACCC took action against airline Qantas for, among other things, advertising and allowing customers to book unavailable flights.
Dumping, also known as predatory pricing, is a commercial strategy for which a company sells a product at an aggressively low price in a competitive market at a loss.A company with large market share and the ability to temporarily sacrifice selling a product or service at below average cost can drive competitors out of the market, [1] after which the company would be free to raise prices for a ...
Bank of America has been slapped with $225 million in penalties by federal authorities for “unfair and deceptive practices” related to customers’ unemployment benefits programs.
“The fact remains that these fees are an unfair business practice that harms merchants and consumers and benefits banks,” she added. ... Visa’s North America president, said in a statement ...
price fixing and other allegedly anti-competitive trade practices in the credit card industry: 2012 Pigford v. Glickman: racial discrimination in its allocation of farm loans and assistance: 1999/2010 Price v. Philip Morris, Inc: cigarette company advertising class action led by plaintiff's attorney Stephen Tillery resulted in $10.1 billion ...
By Leah Douglas (Reuters) -Livestock farmers in the U.S. would have a clearer path to bringing antitrust complaints against meatpacking companies for unfair business practices under a rule ...
The FTC Act prohibits unfair methods of competition, unfair or deceptive acts or practices in or affecting commerce. [9] The Commission is empowered to enforce the act's provisions against all persons, partnerships or corporations, with several exceptions, including banks, savings and loans institutions, federal credit unions—each as ...
Amazon officials are accusing the Arizona Attorney General's Office of having a 'fundamental misunderstanding and mischaracterization' of how the online giant's businesses work, on the same day ...