NYC’s Proposed POWER Act Would Open New Front for Business Litigation

AI summary of the source article

Proposed New York City legislation called the POWER Act would establish a broad private right of action across business, trade, and commerce. The measure would expand private litigation over unfair, deceptive, and abusive practices beyond financial services.

Why it matters

New York City businesses could face an expansion of private litigation over unfair, deceptive and abusive practices under proposed legislation that would reach beyond financial services.

Key facts

• The POWER Act stands for People and Organizations Winning Economic Relief.
• The proposed legislation would create a broad private right of action across business, trade, and commerce.
• The bill would expand private litigation over unfair, deceptive, and abusive practices beyond financial services.