Attorney General Letitia James advocates for the "FAIR Business Practices Act," aiming to address issues like junk fees and deed theft. However, critics argue that it primarily benefits trial lawyers by expanding opportunities for lawsuits against small businesses. The act broadens the definition of unlawful conduct from "deceptive" practices to the vaguely defined "unfair" and "abusive" categories. This shift could burden smaller companies, driving up legal costs and encouraging lawsuits that jeopardize their financial stability. While positioned as pro-consumer, it may ultimately harm businesses and lead to increased consumer costs.
Progressives love screwing over the little guy: Attorney General Tish James' "FAIR Business Practices Act" may target junk fees but opens doors for unnecessary lawsuits against small businesses.
The bill notably broadens the definition of unlawful business practices, potentially allowing new legal claims without clear standards, leaving small businesses vulnerable to lawsuits.
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