In AMG Capital Management v. FTC, a unanimous Supreme Court recently struck the Federal Trade Commission’s (the FTC) power to obtain monetary relief under § 13(b) of the FTC Act (the Act). Under § 13(b), the FTC can seek the aid of a court to obtain a permanent injunction. The issue the court addressed is whether Congress, by enacting § 13(b) and using the words “permanent injunction”, granted the FTC authority to obtain monetary relief directly from the courts rather than through the administrative process, which ultimately allows for such relief. The Court held the FTC is not ...
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MVA White Collar Defense, Investigations, and Regulatory Advice Blog Updates
- Client Alert: Beneficial Ownership Reporting at the Federal Level effective January 1, 2024
- The Consumer Financial Protection Bureau Stakes Out Its Enforcement Authority Over Unfair Information Security Practices
- FINRA’s Expansion of Safeguards to Prevent the Financial Exploitation of Specified Adults in Rule 2165
- Risks Associated with Cryptocurrency Activities Continue to be Top-of-Mind for Federal Banking Regulators