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Consumer Fraud is a form of Commercial Law that deals with deceptive practices in the marketplace. It is a broad term that encompasses a variety of activities, including false advertising, bait-and-switch tactics, and other deceptive practices. Consumer Fraud is a major concern for businesses and consumers alike, as it can lead to financial losses and other damages.
Consumer Fraud is regulated by both federal and state laws, and enforcement is typically handled by the Federal Trade Commission (FTC). The FTC has the authority to investigate and prosecute companies that engage in deceptive practices. Additionally, state attorneys general can bring civil and criminal actions against companies that violate consumer protection laws.
Companies in the Consumer Fraud market include law firms, consumer advocacy groups, and consumer protection organizations. These organizations provide legal advice and assistance to consumers who have been victims of fraud. Additionally, they work to educate consumers about their rights and how to protect themselves from fraud. Show Less Read more
