In the administration of this act, the Attorney General may accept an assurance of voluntary compliance with respect to any method, act or practice deemed to be. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices.Unfair trade practices prohibited. Prohibiting unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce. Section 2. Definitions. It shall be an unfair or deceptive trade practice, in violation of this chapter, for any service contractor to fail to disclose to a prospective customer. (a) No person shall engage in unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce. Other acts or practices may violate only the FTC. Act while fully complying with other consumer protection laws and regulations. In the Department of Law and Public Safety to enforce consumer fraud laws or other protections to which the consumer is entitled. h.