INFORM Consumers Act Takes Effect June 27th. Is Your Business ready?
Information from the U.S. SBA RI District Office
Posted on: June 13, 2023 - 12:35pm
INFORM Consumers Act Takes Effect June 27th. Is Your Business Ready?
Certain businesses in the e-commerce space should mark June 27, 2023, on their calendars. That’s the date a new law – the INFORM Consumers Act – takes effect. The FTC and the states share law enforcement authority and violations could result in steep civil penalties and – in cases brought by the states – “damages, restitution, or other compensation.” Are you covered by the statute? And if you are, are you taking the necessary compliance steps? FTC staff just issued a to-the-point publication that merits your attention: Informing Businesses about the INFORM Consumers Act.
