Section 5 of the FTC Act [1] gives the Commission authority to challenge “unfair methods of competition” (UMC). In June 2013, Commissioner Joshua Wright of the FTC released a proposed policy statement on the Commission's UMC authority. [2] His statement is intended to create guidance for enforcement within a structured, analytical framework. The Commission issued policy statements on its Section 5 Unfairness and Deception Authorities decades ago. But both were issued under pressure from Congress after the FTC over-extended its authority in a series of rulemakings in the 1970s. UMC is the last major Section 5 power that remains largely undefined. Chairwoman Edith Ramirez has argued that the Commission's settlements in UMC cases provide sufficient guidance to companies regarding the
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The FTC Commissioner Wright offers proposed policy statement to guide the FTC’s section 5 unfair methods of competition enforcement
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