What is the Federal Trade Commission Act?

The Federal Trade Commission Act is a law that was passed in the United States in 1914 that seeks to protect consumers from unfair or deceptive business practices. It is overseen by the Federal Trade Commission (FTC), and it prohibits businesses from engaging in false advertising and other fraudulent activities. In North Carolina, the FTC Act applies to all companies, regardless of size or industry. Under the FTC Act, companies are prohibited from engaging in false and misleading advertising. Companies are also required to disclose information about their services and products and be truthful in their advertising. Furthermore, the law also places restrictions on how companies can collect, use, and share consumer information. The FTC is authorized to investigate alleged violations of the FTC Act and may take legal action, such as imposing fines, if it finds that a company has violated the law. The FTC also provides resources for consumers to learn more about their rights and how to protect themselves. The FTC Act has been instrumental in protecting consumers from unfair or deceptive business practices in North Carolina and across the United States. It has enabled companies to create an environment of trust and transparency with their customers, ensuring that they are operating legally and ethically.

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What is the Federal Trade Commission Act?

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