There can be serious consequences for businesses that don’t comply with consumer protection laws. Depending on the severity of the violation, a business might face civil or criminal penalties.
Various consumer laws are in place to protect consumers from unfair business practices. For example, the Federal Trade Commission (FTC) enforces laws against false advertising. If a business engages in false advertising, it could be fined by the FTC. In addition, the FTC has laws in place to protect consumers from fraud and deception.
In some cases, consumer protection violations can lead to class action lawsuits. Class action lawsuits are brought by a group of people who have been harmed by the same company or individual. These cases allow consumers to pool their resources for a better chance of success.
As a result, businesses need to ensure they comply with consumer protection laws. If you have any questions about whether your business is in compliance, you should consult with a specialist consumer law attorney.
Contact the team at Forward today to learn more about how we can help you keep your business safe.