FTC Publishes Inflation-Adjusted Fines for Violations of the Textile and Wool Acts

On January 14, 2020, the Federal Trade Commission published in the Federal Register (85 FR 2014) Adjustments to Civil Penalty Amounts

The Federal Trade Commission ("FTC" or "Commission") is implementing adjustments to the civil penalty amounts within its jurisdiction to account for inflation, as required by law.

The following adjusted amounts will take effect on January 14, 2020:

• Section 5(l) of the FTC Act, 15 U.S.C. 45(l) (unfair or deceptive acts or practices)--Increase from $42,530 to $43,280;
• Section 5(m)(1)(A) of the FTC Act, 15 U.S.C. 45(m)(1)(A) (unfair or deceptive acts or practices)--Increase from $42,530 to $43,280;
• Section 5(m)(1)(B) of the FTC Act, 15 U.S.C. 45(m)(1)(B) (unfair or deceptive acts or practices)--Increase from $42,530 to $43,280;
• Section 10 of the FTC Act, 15 U.S.C. 50 (failure to file required reports)--Increase from $559 to $569;
• Section 6(b) of the Wool Products Labeling Act, 15 U.S.C. 68d(b) (failure by wool manufacturers to maintain required records)--Increase from $559 to $569;
• Section 3(e) of the Fur Products Labeling Act, 15 U.S.C. 69a(e) (failure to maintain required records regarding fur products)--Increase from $559 to $569;
• Section 8(d)(2) of the Fur Products Labeling Act, 15 U.S.C. 69f(d)(2) (failure to maintain required records regarding fur products)--Increase from $559 to $569;