FTC


Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.

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 ?
The settlement was reached at Taiwan's Intellectual Property Court, where Qualcomm filed an appeal against the FTC's heavy fine.
Following an investigation into Qualcomm launched in 2015, the FTC charged the U.S.
Yoo Dong-soo of the Democratic Party of Korea, 47 retired FTC officials have undergone screening by the ethics committee since 2009.
"Also, ex-FTC officials are frequenting the FTC," Yoo said in a statement.
interpretation of how section 5 of the FTC Act applies to the use of
of endorsements in the affiliate marketing industry because the FTC has
The only claim we make for the FTC is that you will be completely delighted with your cars improved performance.
Every FTC unit comes with full instructions and guarantee card.
The District Court denied AT&T's motion to dismiss, agreeing with the FTC's interpretation of Section 5 as constituting an activity-based exemption for common carriers, rather than a status-based exemption.
The central issue on review by the Ninth Circuit was "whether the common carrier exemption in section 5 is status-based, such that an entity is exempt from regulation as long as it has the status of a common carrier under the 'Acts to regulate commerce,' or is activity-based, such that an entity with the status of a common carrier is exempt only when the activity the FTC is attempting to regulate is a common carrier activity." (18) In essence, the issue before the Ninth Circuit boiled down to whether Section 5's common carrier exemption applied to AT&T as a total entity, or whether only those AT&T activities duly classified as common carrier activities should be exempt from FTC jurisdiction.
The FTC has notably used its interest in enforcing antitrust laws by initiating a lawsuit against the North Carolina State Board of Dental Examiners--a lawsuit that eventually reached the United States Supreme Court.
If you encounter this or other scams, report it to the FTC at 1-877-FTC-HELP or ftc.gov/complaint.