Coronavirus Triggers Concerns Over Price Gouging
Leaders of the U.S. House of Representatives have requested that the FTC take action against price gouging related to the coronavirus (COVID-19) and have indicated that they would assist with appropriate legislation.
Almost every state has issued emergency declarations which, in many states, trigger prohibitions against price gouging.
As the coronavirus pandemic evolves, retailers should be aware of these laws and monitor FTC and legislative action relating to price gouging. Read the full article.
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