Lame-duck President Joe Biden’s Federal Trade Commission (FTC) has just issued a new decision that could force businesses across the country to comply with the Democrats’ radical diversity, equity, and inclusion (DEI) agenda.
One Republican commissioner is warning that the rule could “inject” DEI practices in companies that offer price-varied goods and services nationwide.
The FTC brought and settled a case Thursday involving an Arizona car dealership.
The federal agency accused the dealership of having advertised misleading prices for vehicles to attract consumers.
The actual prices were thousands of dollars more than advertised.
The dealership was also accused of discriminatory financing practices and arranging financing with higher prices for Latino consumers than for non-Latino, white customers.
In the case, Republican FTC Commissioner Melissa Holyoak sided with the majority in assessing violations of the Equal Credit Opportunity Act (ECOA).
However, Holyoak said that the majority also tacked on a “superfluous” violation of Section 5 of the FTC Act.
This move could have a “pernicious” effect on American businesses in the future, Holyoak warns.
“[N]o matter how well-intended, broad standards of liability under disparate impact theories can backfire — particularly ones that seek to regulate the entire American economy — creating risks