(January 31, 2013) -- On January 3 the FTC announced an enforcement policy statement concerning certain retailers that directly import textile, wool, and fur products and whose business is covered by the Textile Fiber Products Identification Act, the Wool Products Labeling Act and the Fur Products Labeling Act. These three statutes enable retailers to avoid liability for mislabeling or false advertising if they rely in good faith on a guarantee from a U.S. supplier that the products it provides are not mislabeled, falsely invoiced or falsely advertised. Such guarantees must be provided only from a person “residing in the United States,” so that they may not obtain a guarantee for directly imported textile, wool and fur products....