Federal Trade Commission

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Related to U.S. Federal Trade Commission: Federal Trade Commission Act

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.

Federal Trade Commission (FTC)

A federal agency responsible for maintaining the competitive markets, thereby discouraging restraint of trade and monopoly. The clout and aggressiveness of the FTC vary greatly depending on its membership and the incumbent Presidential administration.

Federal Trade Commission (FTC)

Created in 1914,the FTC (www.ftc.gov) was the successor to the old Bureau of Corporations. It was formed in response to widespread concerns about monopolies and their impact on consumers.

Today, it is comprised of three bureaus:

1. Bureau of Consumer Protection. Created to protect consumers from unfair, deceptive, or fraudulent practices. It enforces a variety of consumer protection laws enacted by Congress. It also maintains the consolidated consumer Web site (www.consumer.gov) with information and links to over 170 government agencies.

2. Bureau of Competition. The antitrust arm.

3. Bureau of Economics. Helps the FTC evaluate the economic impact of its various policies.

References in periodicals archive ?
Compete, the Boston-based web analytics company, has become the third large Internet company to settle abuse of privacy charges with the U.S. Federal Trade Commission.
Office of Fair Trading (OFT) and the U.S. Federal Trade Commission (FTC).
The U.S. Federal Trade Commission (FTC) approved the sale of Amigo to Wal-Mart, but conditioned this approval to the sale of four Amigo supermarkets, which must be done in a maximum of 10 days after the sale is completed, reports Caribbean Business (Nov.
The U.S. Federal Trade Commission granted an early termination of the waiting period under the Hart-Scott-Rodino Act.
Google on Saturday said that the U.S. Federal Trade Commission has begun a review of its business practices.
The U.S. Federal Trade Commission (FTC) told Congress that a national "do-not-spam" e-mail registry could not be enforced effectively, would not reduce the amount of spam consumers receive, and might even increase it.
Two consumer groups lobbied the U.S. Federal Trade Commission to investigate whether food irradiation companies falsely advertise their technology as pasteurization.
Dentists in three communities in Puerto Rico (Juana Diaz, Coamo and Santa Isabel) have agreed to settle U.S. Federal Trade Commission charges that they fixed prices and engaged in an illegal boycott in order to obtain higher reimbursement rates for dental services under Puerto Rico's Government managed care plan for the indigent, it was reported September 17.
In connection with the proposed Merger, L3 and Harris each filed a Notification and Report Form under the HSR Act with the U.S. Federal Trade Commission and the U.S.

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