Consumer Credit Regulation: 2.2.7.3.2 General standards
The Dodd-Frank Act’s definition of “unfair” incorporates the definition found in the Federal Trade Commission (FTC) Act:
(A) the act or practice causes, or is likely to cause, substantial injury to consumers, which is not reasonably avoidable by consumers; and
(B) such substantial injury is not outweighed by countervailing benefits to consumers or to competition.239