Stronger Consumer Protection: FTC Can Recover Money for Victims.
This law strengthens the Federal Trade Commission's (FTC) ability to recover funds for citizens harmed by illegal business practices. If you are defrauded, the FTC will have clear authority to seek court orders for refunds, contract cancellation, and the return of illegally obtained profits from wrongdoers. These changes apply immediately to both new and ongoing legal cases, increasing the likelihood of financial recovery.
Key points
Confirms FTC's authority to seek restitution, refunds, and the return of property for consumers harmed by violations in court actions.
Courts can order companies to give up profits gained through illegal activities (disgorgement), removing the financial incentive for fraud.
The FTC can pursue violations that occurred up to 10 years prior to filing suit, extending the recovery window for consumers.
Status:
Expired
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