Compliance Definition of the Week
UDAPs – (Unfair and Deceptive Acts and Practices laws) – Includes FTC Act Section 5 and similar state laws used frequently by the FTC and state Attorneys General to correct and obtain damages for consumer abuses by automobile dealers and other entities. Penalties under FTC Act Section 5 can total $16,000 per violation, per day. The FTC takes the position that inadequate data security practices are a violation of Section 5.
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