A PYMNTS Company

Federal Hurricane Response Expands to Antitrust, Fraud Prevention

By  |  September 13, 2017

Posted by Government Executive

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Federal Hurricane Response Expands to Antitrust, Fraud Prevention

    By Charles S. Clark

    The Justice Department and the Federal Trade Commission on Tuesday released guidance to help businesses investing in helping rebuild southern communities ravaged by hurricanes Harvey and Irma.

    But the guidance also contains warnings against anti-competitive agreements that “take advantage” of victims or those engaged in relief efforts. “The Department of Justice will criminally prosecute companies that fix prices, rig bids or allocate customers, and the Federal Trade Commission will investigate and take action against companies and individuals who violate the consumer protection laws,” Justice said in a statement.

    In such emergencies, “The antitrust laws accommodate procompetitive collaborations among competitors,” the agencies said.

    Continue Reading…