Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government that works to protect consumers from unfair or deceptive business practices. The FTC is responsible for enforcing federal antitrust and consumer protection laws, as well as promoting competition in the marketplace. The FTC also works to educate consumers about their rights and responsibilities when dealing with businesses.
History of the Federal Trade Commission
The FTC was established in 1914 as part of the Federal Trade Commission Act. The Act was passed in response to the growing number of unfair and deceptive business practices that were occurring in the United States. The FTC was given the authority to investigate and prosecute companies that were engaging in these practices. The FTC also has the power to issue cease and desist orders to companies that are found to be in violation of the law.
Since its establishment, the FTC has been responsible for enforcing a variety of laws, including the Sherman Antitrust Act, the Clayton Antitrust Act, and the Federal Trade Commission Act. The FTC has also been responsible for enforcing the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, and the Telemarketing Sales Rule.
Table of Comparisons
| Law | Enforcement Authority |
|---|---|
| Sherman Antitrust Act | FTC |
| Clayton Antitrust Act | FTC |
| Federal Trade Commission Act | FTC |
| Fair Credit Reporting Act | FTC |
| Fair Debt Collection Practices Act | FTC |
| Telemarketing Sales Rule | FTC |
Summary
The Federal Trade Commission is an independent agency of the United States government that works to protect consumers from unfair or deceptive business practices. The FTC is responsible for enforcing federal antitrust and consumer protection laws, as well as promoting competition in the marketplace. The FTC also works to educate consumers about their rights and responsibilities when dealing with businesses. For more information about the FTC, visit the official website at https://www.ftc.gov/.
See Also
- Antitrust Law
- Consumer Protection
- Competition Law
- Fair Credit Reporting Act
- Fair Debt Collection Practices Act
- Telemarketing Sales Rule
- Federal Trade Commission Act
- Sherman Antitrust Act
- Clayton Antitrust Act
- Federal Trade Commission Rules
