What is the Federal Trade Commission Act (FTCA)?
The Federal Trade Commission Act (FTCA) was adopted in 1914 and is the primary source of protection against unfair trade practices in Washington. The FTCA is enforced by the Federal Trade Commission (FTC). The law is meant to protect consumers from unfair and deceptive practices in the marketplace. The main purpose of the law is to promote competition and to protect consumers from deceptive and unfair trade practices. The FTCA prohibits deceptive and unfair trade acts or practices in or affecting commerce, such as false advertising and deceptive pricing. It also prohibits anticompetitive practices such as price-fixing agreements, exclusive dealing, and tying agreements. The FTCA gives the FTC the authority to investigate companies that may be engaging in unfair or deceptive trade practices. The FTC can sue companies to force them to stop their unlawful practices, or seek payment from them if they have caused consumers any harm. The FTCA also allows private citizens to sue companies if they have been harmed by any unfair or deceptive practices. By enforcing the FTCA, the FTC helps protect consumers from fraudulent, deceptive, and unfair business practices in the marketplace. This helps ensure there is a fair and competitive marketplace in Washington, where consumers can make informed decisions.
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