FTCA 1914 Section 5

Prohibits unfair or deceptive acts or practices, applicable to all persons engaged in commerce, including banks.

Rule Overview

Jurisdiction: United States

Regulator: FTC

Topic: Consumer Protection

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Further Reading

An act or practice is unfair where it:

  • Causes or is likely to cause substantial injury to consumers;
  • Cannot be reasonably avoided by consumers, and
  • Is not outweighed by countervailing benefits to consumers or to competition.
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