FTC


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Federal Trade Commission (FTC)

An independent federal agency consisting of a five-member board, whose goal is to create economic competition by promoting consumer protection and prevent illegal business practices. The FTC was created in 1914 to battle monopolisitc trusts, and has since been granted the abilities to prohibit anti-competitive and illegal business practices and enforce industry-wide regulations.

Federal Trade Commission

A government organization with the responsibility of protecting consumers from predatory or unfair business practices. As such, it is responsible for the enforcement of antitrust laws, protecting against anti-competitive mergers and acquisitions. Citizens may complain to the Federal Trade Commission for perceived wrongdoings in the business practices of a company. While adjudicating these complaints takes time, the FTC provides a recourse against exploitation of the consumer.

FTC

FTC

See Federal Trade Commission.
References in periodicals archive ?
To guide this conversation, we will consider material published by the Federal Trade Commission (FTC), although the FTC is only one source of interpretive guidance.
Right now, if I am an in-house counsel, I would have to review the various consent decrees and FTC public statements to try to piece together the standards," says Michelle Cohen, an Ifrah Law member.
The FTC has alleged that from approximately October 2010 to December 2013, this Austin, Texas-based operation preyed on financially distressed homeowners nationwide by making false promises that because of their affiliation with attorneys, their affiliation with a government program, their knowledge of the industry, and their relationships with mortgage lenders, Home Relief Foundation would be able to lower consumers' interest rates and monthly mortgage payments.
The FTC first issued the Green Guides in 1992 in response to an explosion of green marketing and advertising claims.
tax laws have eroded the effectiveness of the FTC in alleviating double taxation.
After the AJCA, taxpayers must continue to be vigilant over FTC limitation management.
Under FTC rules, consumer fraud cases are investigated by its staff and ruled on by the agency's five appointed commissioners.
In February 1999, the FTC and the National Association of Attorneys General cracked down on several credit repair companies.
So that income is not taxed twice, a company is allowed to claim an FTC for income taxes paid or accrued to foreign countries (up to the amount of the U.
In the report, the FTC lists several reasons for its recommendation that senders of spam nor be required to include specific characters, such as "ADV" in the subject line of e-mail.
Congress included a provision in FACTA that requires the FTC and the Federal Reserve to study the use of credit in consultation with the Fair Housing Office of the Department of Housing and Urban Development and report the results of their study to the legislature.