FTC Testifies before House Energy and Commerce Subcommittee about Agency’s Work to Protect Consumers

Federal Trade Commission press release ----------- In testimony before the U.S. House Energy and Commerce Subcommittee on Digital Commerce and Consumer Protection, the Federal Trade Commission described its work to protect consumers and promote competition, and stressed the agency’s commitment to maximizing its resources, enhancing its effectiveness, and anticipating and responding to changes in the marketplace.Testifying on behalf of the Commission, FTC Chairman Joe Simons and Commissioners Maureen K. Ohlhausen, Noah Joshua Phillips, Rohit Chopra, and Rebecca Kelly Slaughter noted that during FY 2017, the Commission returned over $543 million in redress to consumers and deposited $94 million into the U.S. Treasury, reflecting collections in both consumer protection and competition matters. In addition, in FY 2017, FTC orders in the Volkswagen, Amazon, and Net Spend matters required defendants to self-administer consumer refund programs worth more than $11.5 billion. To learn more click on the picture below to read the release.