Supreme Court cuts FTC’s ability to seek monetary rewards in courts

Published April 22, 2021 3:31pm ET



The Supreme Court on Thursday cut the Federal Trade Commission’s ability to seek monetary rewards in courts, slashing a legal tool the consumer protection agency often uses to collect funds in fraud cases.

The court, in a unanimous opinion written by Justice Stephen Breyer, wrote that when the FTC took to court a series of companies engaged in deceptive business practices involving payday loans, it could not seek financial restitution.

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