Just before the holidays, NY Governor Kathy Hochul signed the FAIR Business Practices Act, which expanded the protections for New York consumers under the state’s General Business Law–a move recommended by the pre-Vought CFPB. Among other things, the statute expands the enforcement powers of the state attorney general, both in terms of the entities and commercial activities covered, and by allowing the AG to take action with respect to abusive and unfair business practices as opposed to solely deceptive ones. The private right of action under the GBL, though, remains limited to deceptive practices.
The NY AG’s press release is here.
