FTC Plans to Clamp Down on Unfair Competition by Companies (1)

The US Federal Trade Commission plans to make wider use of its 1914 founding statute to police anticompetitive behavior by companies in the internet age.

The Democratic-led commission on Thursday issued a new policy statement that empowers the agency to prevent “unfair methods of competition.”

FTC Chair Lina Khan said the policy, which re-affirms Section 5 of the FTC Act, will effectively reactivate the FTC’s authority to police conduct, especially in online markets.

“In the digital economy, we’ve seen time and time again, there’s a real premium for businesses to capture the market as quickly as they can,” Khan ...