FTC Act

The Federal Trade Commission Act (FTC Act), enacted in 1914, established the Federal Trade Commission (FTC) to prevent unfair, deceptive, or monopolistic business practices. It gives the FTC authority to investigate companies, enforce consumer protections, and promote fair competition. The goal is to protect consumers from fraud and ensure a healthy marketplace where businesses compete honestly. The FTC can take legal action against violations, including false advertising, deceptive marketing, and anticompetitive conduct, helping maintain trust and fairness in the economy.