Antitrust News: New FTC Commissioner Rohit Chopra Calls Out Repeat Offenders for Harsher Penalties

  Author: Jarod Bona As you may have heard, the Senate recently approved a new slate of FTC Commissioners. Among them is new Commissioner Rohit Chopra, who is a former assistant director at the Consumer Financial Protection Bureau and former advisor to the Secretary of Education. Commissioner Chopra was sworn in on May 2, 2018 and quickly announced one of his early priorities: On May 14, 2018, he issued a public memorandum to the other FTC Commissioners and the FTC Staff describing how he believes the FTC should handle repeat offenders of FTC violations. Let’s dig into this a little bit. Commissioner Chopra describes the problem of corporate recidivism as generally resulting from significant management dysfunction, which requires “serious remedies that address the underlying issues.” After describing several non-antitrust examples of this corporate recidivism, particularly involving large financial institutions, Commissioner Chopra points out, bluntly,…

Read more detail on Recent Antitrust posts –

This entry was posted in Antitrust - Competition law and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply