The Supreme Court ruled Thursday that a provision does not give the Federal Trade Commission authority to seek monetary relief in a consumer redress case.
April 22 (UPI) — The Supreme Court ruled Thursday that a provision does not give the Federal Trade Commission authority to seek monetary relief in a consumer redress case. At issue, was a complaint the FTC filed against former race car driver Scott Tucker, for his business AMG Capital Management’s alleged payday lending practices in violation of the law against unfair practices in commerce. The District Court granted the FTC’s request for a permanent injunction under provision 13(b) of the FTC Act to stop the illegal practice and ordered Tucker to pay $1.27 billion in restitution under the same provision. Tucker appealed to the Ninth Circuit, which rejected Tucker’s argument that 13(b) does not authorize such monetary relief.
