Court to clarify monetary restitution under the Federal Trade Commission Act.
The Supreme Court heard oral arguments in the case of AMG Capital Management, LLC v. Federal Trade Commission on Wednesday. The case arose when the Federal Trade Commission sued Scott Tucker, the owner of several companies that provided extraordinarily high-interest loans, due to unnecessarily convoluted terms of service. The FTC alleged that Tucker violated section 5 of the Federal Trade Commission Act that prohibits, “unfair or deceptive acts or practices in or affecting commerce.”
A district court had ruled that Tucker and AMG Capital was liable for restitution of over $1 billion in “monetary relief” to repay customers. The high court will be determining if the FTC has the authority to require such monetary relief from businesses that it finds in violation of the Act.
As the Lord Leads, Pray with Us…
- That God would guide the Supreme Court in the best decision to make.
- That the FTC would protect Americans from unfair business practices.
- For the Lord to guide the Justices of the Court on the best cases to hear in the future.
Sources: Supreme Court, SCOTUSblog, Oyez.org
