The F.T.C. critiques mergers and protects shoppers from misleading promoting and fraud. The company is led by a fee whose 5 members are appointed by the president and confirmed by the Senate. Solely two of these positions are crammed. Mr. Trump named Maureen Ohlhausen the appearing chairwoman in January.
Mr. Reyes’s surge in marketing campaign contributions this yr consists of cash from payday lenders, title corporations, legal professionals and others who’ve enterprise earlier than the company or are regulated by it. Alan Crooks, a spokesman for Mr. Reyes, stated a lot of the cash got here from an annual ski fund-raiser, the invites for which have been despatched out final yr, nicely earlier than Mr. Reyes was talked about for the F.T.C. job.
“It’s been good for his profile, however we haven’t seen that it has been a boon to donations,” Mr. Crooks stated. “We’ve seen extra scrutiny, which he’s going to move as a result of he’s a very good man.”
Mr. Reyes accepted hundreds of dollars from payday lenders, title corporations and different industries dealing with disputes with the F.T.C. His donations embrace $5,000 from Bristlecone Holdings, a Nevada-based mostly subprime lending firm. Certainly one of Bristlecone’s holdings, Wags Lending, lends cash at excessive rates of interest so individuals can lease — not purchase — new pets. The corporate has been the topic of F.T.C. complaints, in line with a Bloomberg article on the peculiar association.
Different donations embrace $10,000 from ETC Capital, a Michigan personal fairness fund run by the businessman Manoj Bhargava, whose product, 5-Hour Power, has confronted lawsuits over misleading promoting. A division of Residence Depot gave $5,000; legal professionals and regulation companies that deal with F.T.C.-associated issues gave hundreds extra.
Mr. Crooks stated new donors have been drawn to Mr. Reyes’s work in workplace, and to his electoral victory when he carried almost two-thirds of the vote. Many different donors who’ve had issues earlier than the F.T.C. gave to Mr. Reyes even earlier than he was named a candidate for chairman. These embrace the wine and beer wholesale associations and the drug makers Pfizer and Mallinckrodt. As Utah’s lawyer basic, Mr. Reyes has broad jurisdiction on shopper safety points.
Mr. Reyes took workplace in 2013 to finish the time period of John Swallow, who resigned amid a federal corruption investigation. Mr. Reyes stated final summer time that Mr. Trump was an imperfect candidate however stated he endorsed him nonetheless, largely to make sure a conservative Supreme Courtroom decide.
Mr. Reyes is within the F.T.C. job, Mr. Crooks stated. Beneath Utah regulation, if Mr. Reyes doesn’t serve out his time period, he can use his donations to make donations to different campaigns, political motion committees or charities.
The Trump administration is predicted to undertake extra a enterprise-pleasant strategy. In a speech earlier than the conservative Heritage Basis in January, Ms. Ohlhausen criticized the Obama administration for imposing “pointless prices on companies” and making “conclusory assertions of unfair competitors.”
Proceed studying the primary story