The state of antitrust and consumer protection law and enforcement, and their development, since the Pitofsky hearings #FTC-2018-0048-D-0079

Submission Number:
FTC-2018-0048-D-0079
Commenter:
Andrew Therrien
State:
Rhode Island
Initiative Name:
The state of antitrust and consumer protection law and enforcement, and their development, since the Pitofsky hearings
My concern is in support of States having the ability to engage as a primary role in consumer protection advocate for its people. However there are a few main topics where there needs to be cooperation between the states and federal government t . First in Subprime lending. Sovereign Immunity has reared its ugly side with the onset of tribal lending. Even though the Kingpins are gone, many others are operating renting tribal sovereign immunity. Therefore, states must get the power to protect its consumers from foreign enemies or the federal government must not castrate themselves. Secondly, states that have tougher laws like NY and CA may lead the way with stopping aggravated identity theft from bad actors in the collection space, but the federal government must play a role to ban illegal debt collections nationwide so they dont become concentrated in a few states that arent as strict.