What is the Federal Trade Commission Act?

The Federal Trade Commission Act is a federal law that acts as a consumer protection statute and prohibits unfair or deceptive practices in any trade or commerce in the United States. This law was enacted in 1914 and established the Federal Trade Commission (FTC). The FTC is responsible for promoting consumer protection, eliminating anticompetitive business practices, and enhancing the informed consumer choice. In California, the Federal Trade Commission Act is enforced by the FTC, Department of Justice, and by local consumer protection agencies. The consumer protection provisions of the Act are meant to ensure that consumers are protected from fraudulent and deceptive business practices, including false advertising, misrepresentation of products or services, unfair trade practices, and any other anti-competitive practices. The Act also regulates how businesses can use consumer data for marketing and advertising purposes. The FTC has the right to investigate consumer complaints and review business practices. The FTC and the California Attorney General can bring civil action against companies and individuals who violate the Act. If the FTC finds evidence of an unlawful practice, it can seek civil penalties, injunctive relief, or consumer redress. The Federal Trade Commission Act is an important piece of legislation that helps protect consumers from unfair or deceptive business practices and provides them with the means to complain about bad business practices. It is important for consumers to understand their rights and to stay informed as to how companies are handling their personal data.

Related FAQs

What is the Truth in Lending Act?
What is the Unlawful Internet Gambling Enforcement Act?
Are there any regulations governing ATM use?
What is the Alternative Mortgage Transaction Parity Act?
What is the Gramm-Leach-Bliley Act?
What is the Truth in Savings Act?
What is the Fair Credit Billing Act?
What is the Electronic Signatures in Global and National Commerce Act?
What is the Monetary Control Act?
What is the Fair Credit Billing Act?

What is the Federal Trade Commission Act?

Related FAQs

Related Blog Posts