What is the Federal Trade Commission Act?

The Federal Trade Commission Act is a law passed by Congress in 1914 that set up the Federal Trade Commission (FTC). The FTC is responsible for enforcing laws that protect consumers from deceptive or unfair business practices. The FTC Act was created to protect consumers from false or misleading advertising, as well as anti-trust violations. The FTC also enforces the Texas Deceptive Trade Practices Act (DTPA). This law is designed to protect Texas consumers from unfair or deceptive acts committed by businesses. The DTPA helps protect consumers from fraudulent, deceptive, or unconscionable business practices such as false or exaggerated advertising, hidden fees, or misrepresentations of services or products. The FTC Act also requires businesses to provide a clear and conspicuous disclosure for any practices that may be considered deceptive or unfair. This disclosure must be easily visible and understandable to consumers. Finally, the FTC Act prohibits price fixing, which occurs when two or more businesses agree on the prices they will charge for goods or services. In conclusion, the Federal Trade Commission Act is an important law that helps protect consumers from deceptive and unfair business practices. It helps ensure that businesses are providing consumers with clear and conspicuous information about their practices, as well as preventing price-fixing agreements.

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What is the Federal Trade Commission Act?

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