Federal Trade Commission

Federal Trade Commission

Federal Trade Commission

In line with Stephen E. Ruegger

about Federal Trade Commission in the Encyclopedia of Law Enforcement:

The Federal Trade Commission (FTC) is empowered to ensure that the nation's free market system works in a way that is productive yet not harmful to consumers. The FTC enforces the nation's consumer protection laws, which are designed to protect consumers from unfair and deceptive trade practices. Examples of consumer protection violations include telemarketing fraud, Internet scams, price-fixing schemes, and other deceptive practices. The FTC is also charged with regulating advertising claims and approving corporate mergers. The Federal Trade Commission was created in 1914 in an effort to prevent unfair methods of competition and to help with federal antitrust legislation. The United States Congress strengthened the power of the FTC in 1938 with the passage of the Wheeler-Lea Act, which gave a broad interpretation to the prohibition against unfair and deceptive acts or practices.

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