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The FDIC ruled that a company had violated the FTC Act. What penalty can the company expect?

User Jataro
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2 Answers

4 votes
A maximum civil penalty of up to $40,000. 
User Dragan Okanovic
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5 votes

If the company had violated the FTC act that penalty the company can expect is Fine.

Congress formulated the FTC in 1915 to monitor market activities. The fundamental focus was on antitrust law, it immediately commands a wide range of marketing enterprises that influence customers, from advertising to guarantees to mortgages collection in order to implement the laws and those who violated is liable to pay fine under the act.

User Alejandro Gonzalez
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