Consumers’ ‘right to repair,’ merger rules, clothing tags set for FTC vote By Reuters

© Reuters. FILE PHOTO: Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

WASHINGTON (Reuters) – The U.S Federal Trade Commission will vote Wednesday on whether to make it a priority to address the issue of manufacturers pushing consumers to use licensed dealers for repairs of smartphones to farm equipment, a practice that critics call anti-competitive.

The agency will vote on the “right to repair” issue based on a report released in May that manufacturers use various ways to discourage repairs by third parties that often charge consumers less than dealers, it said in a statement. These include disparaging spare parts not made by the manufacturer, and license agreements.

The issue was one of dozens spelled out in an executive order that the Biden White House put out this month.

The FTC’s commissioners, three Democrats and two Republicans, will also vote in an unusual open meeting on whether to rescind a 1995 policy statement.

If rescinded, a company that had been stopped from proceeding with one merger must give prior notice to the FTC if it is contemplating a similar transaction. The FTC could then stop the new transaction without spending months to investigate the new deal.

The FTC will also vote on whether to rescind a rule requiring clothing manufacturers to spell out how their clothing should be cared for.

The agency’s new progressive Chair Lina Khan held the FTC’s first open meeting in years on July 1.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2019 Billionaire Club Co LLC. All rights reserved

Loading the chat ...