- Associated Press - Monday, August 17, 2015

MONTPELIER, Vt. (AP) - Vermont U.S. Sen. Patrick Leahy is praising a policy statement from the Federal Trade Commission that codifies some of its consumer protection efforts.

The FTC is releasing its first guidelines on what constitutes unfair competitive practices by businesses. Leahy says the principles are broad enough to allow the agency to respond to changing market conditions, but provide more clarity to businesses and consumers about what the agency’s standards are.

Leahy says the FTC’s consumer-protection authority has existed for more than 100 years. The new principles cover enforcement areas separate from traditional antitrust actions.

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