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Unfair Trade Practices
Unfair trade practices are unlawful business actions that are deceptive, fraudulent, or harmful to consumers. Consumers in Texas and across the country suffer when businesses and corporations engage in unfair trade practices. Unfair trade practices give the offending company an advantage over competitors. They can also harm consumers by making them purchase goods or services that do not meet their expectations or by charging them artificially inflated prices. If you have been a victim of an unfair trade practice, it's important to consult an experienced business disputes attorney, such as Guy Wade, who can evaluate your situation and determine whether you have any potential recourse.
What federal laws protect consumers from unfair trade practices?
Several federal laws protect consumers from unfair trade practices. The Federal Trade Commission (“FTC”) has the authority to investigate and take action against companies that engage in unfair or deceptive trade practices. The Clayton and Sherman Antitrust Acts prohibit anti-competitive behavior that can harm consumers, such as price fixing and market division.
What state laws protect consumers from unfair trade practices in the state of Texas?
In Texas, there are laws that protect consumers against unfair trade practices such as false advertising, bait-and-switch tactics, and more. These laws include the Deceptive Trade Practices-Consumer Protection Act (“DTPA”), the Texas Unfair Insurance Practices Act, the Texas Antitrust Act, the Texas Health Spa Act, and the Texas Debt Collection Act.