Home > INFORM Consumers Act Takes Effect June 27th. Is Your Business ready?
INFORM Consumers Act Takes Effect June 27th. Is Your Business ready?
Information from the U.S. SBA RI District Office
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.