Fannie Mae (FNMA)

[Robert from yahoo bd]

The USSCT last Thursday, in AMC Capital Management v. FTC, was not adverse to ending a federal agency overreach:

"The ruling was a victory for business groups that said that the FTC had turned a limited grant of authority into a weapon that extracted billions of dollars.

It was also a win for businessman and racecar driver Scott Tucker, who is in prison after being convicted on racketeering, wire fraud and money laundering charges, the same behavior at issue in the civil case at the court.

Tucker controlled several payday loan operations that Breyer said collected more than $1.3 billion in deceptive charges from 2008 to 2012.

The case is AMG Capital Management v. FTC.

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