Federal Trade Comissions

By: Brett, Scott, Trent

A Brief History of the Birth of the Federal Trade Commission

About The Federal Trade Comissions

FTC is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of consumer protection and the elimination and prevention of anti-competitive business practices, such as coercive monopoly.

Advertising Division

  • Protects consumers from deceptive advertising and marketing
  • Monitoring and developing effective enforcement strategies
  • Monitoring and reporting on alcohol and tobacco marketing practices
  • Combating deceptive advertising of fraudulent cure-all claims
  • Monitoring and reporting on industry practices regarding the marketing of violent movies, music, and electronic games to children;

Enforcement Division

  • Enforce all laws on business operations
  • conducts investigations of possible order violations
  • litigating civil actions against marketers that deceive consumers
  • educates criminal law enforcers in areas of FTC expertise;
  • initiates court actions to obtain civil penalties for administrative order violations
  • Textile, Wool, Fur, and Care Labeling Rules
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Financial Practices Division

  • Financial Practices promotes truthfulness and fairness
  • Debt Collection: Prohibits harmful debt collection practices
  • Mortgage, Credit Card, and Other Debt Relief Services: Monitors debt relief services
  • Pay Day Lending: Consumers often turn to these but get taken advantage of
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Trivia

  1. What does FTC stand?
  2. What is one thing the advertising division protects against?
  3. When was the FTC established?