Pro-Consumer Regulation Needs Real Teeth So You Can Sue The Jerks

Pro-Consumer Regulation Needs Real Teeth So You Can Sue The Jerks

If the recent economic meltdown has a bright spot, it is the possibility that smart regulation may return. There will always be those who will cheat if they can, putting both consumers and the market at risk. It cannot function properly without regulation to prevent cheating and ensure consumers are getting a fair deal. But without a private right of action and attorney fees, consumer protection regulations are nearly worthless. A “private right of action” means…