Federal Trade Commission (FTC)

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Definition of 'Federal Trade Commission (FTC)'

The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. The FTC's Bureau of Consumer Protection is responsible for protecting consumers from unfair, deceptive, and fraudulent practices in the marketplace. The FTC also enforces federal antitrust laws, which prohibit anti-competitive mergers and acquisitions, and unfair methods of competition.

The FTC has a wide range of powers to investigate and prosecute violations of the law. These powers include the ability to conduct investigations, issue subpoenas, and bring civil lawsuits. The FTC can also seek injunctions to stop violations of the law, and it can order companies to pay civil penalties.

The FTC is a powerful agency that has a significant impact on the marketplace. Its work has helped to protect consumers from a variety of unfair and deceptive practices, and it has helped to promote competition in the marketplace. The FTC is an important part of the U.S. government's efforts to protect consumers and promote a fair and competitive marketplace.

The FTC is also responsible for regulating advertising. The FTC's advertising rules prohibit deceptive advertising, unfair advertising, and advertising that is misleading to consumers. The FTC also regulates endorsements and testimonials, and it requires that advertisers disclose any material connection between themselves and endorsers.

The FTC's advertising rules are designed to protect consumers from being misled by advertising. The FTC's rules also help to ensure that consumers have the information they need to make informed decisions about products and services.

The FTC is a valuable resource for consumers. The FTC's website provides information on a variety of consumer topics, including advertising, privacy, and identity theft. The FTC also offers a variety of consumer protection tools, such as the Consumer Sentinel Network and the FTC Complaint Assistant.

If you believe that you have been the victim of an unfair or deceptive practice, you can file a complaint with the FTC. The FTC will investigate your complaint and take appropriate action if it finds that a law has been violated.

The FTC is an important part of the U.S. government's efforts to protect consumers. The FTC's work has helped to make the marketplace fairer and more competitive, and it has helped to protect consumers from a variety of unfair and deceptive practices. The FTC is a valuable resource for consumers, and it offers a variety of tools to help consumers protect themselves from fraud and deception.

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