The Federal Trade Commission

The Federal Trade Commission - The Federal Trade Commission...

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The Federal Trade Commission In 1914 the Federal Trade commission was created to protect consumers and businesses from unfair competition. Of all the Federal regulatory agencies, the FTC has the greatest influence on business activities. According to the Federal Trade Commission’s web site its purpose was to prevent unfair methods of competition in commerce as part of the battle to “bust the trusts.” Over the years, Congress passed additional laws giving the agency greater authority to police anticompetitive practices. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. (Federal Trade Comission, 2010) The FTC’s major areas of responsibility are to enforce laws and guidelines regarding
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This note was uploaded on 08/30/2011 for the course BUSINESS 101 taught by Professor Wase during the Spring '11 term at Grantham.

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The Federal Trade Commission - The Federal Trade Commission...

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