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US FTC reviving mandate to crack down on ‘unfair’ conduct across the economy, senior official says

By Michael Acton ( November 10, 2022, 20:38 GMT | Insight) -- US Federal Trade Commission enforcers have long been concerned about conduct that harms competition but does not violate the letter of federal antitrust law, and today’s policy statement on its approach to ‘unfair methods of competition’ restores the agency to its original mandate, a senior official said today. Speaking at a conference in San Francisco, Elizabeth Wilkins, director of the Office of Policy Planning at the FTC, said the agency had an obligation to make sure it’s not “missing the forest for the trees” by only tackling specific violations of the Sherman Act and the Clayton Act.US Federal Trade Commission enforcers have long been concerned about conduct that harms competition but does not violate the letter of federal antitrust law, and today’s policy statement on its approach to ‘unfair methods of competition’ restores the agency to its original mandate, a senior official said today....

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