Federal Trade Commission - FTC

DEFINITION of 'Federal Trade Commission - FTC'

An independent federal agency whose main goals are to protect consumers and to ensure a strong competitive market by enforcing a variety of consumer protection and antitrust laws. These laws guard against harmful business practices and protect the market from anti-competitive practices such as large mergers and price-fixing conspiracies.

BREAKING DOWN 'Federal Trade Commission - FTC'

The Federal Trade Commission deals with complaints that are filed regarding unfair business practices such as scams, deceptive advertising and monopolistic practices. It reviews these complaints to determine if businesses are in fact engaging in harmful practices. The FTC is also responsible for reviewing mergers in the market to ensure that they do not hurt competition in the market and potentially harm consumers. Generally speaking, the FTC does not have the ability to directly enforce its rulings, but it can go to the courts to have them enforced.

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RELATED FAQS
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  2. What is the difference between a money market fund and a savings account?

    The primary advantages of the Herfindahl-Hirschman Index (HHI) are the simplicity of the calculation necessary to determine ... Read Full Answer >>
  3. What are some examples of credit report errors that I can dispute?

    The business of reporting consumer credit is highly regulated. The Fair Credit Reporting Act and the Fair and Accurate Credit ... Read Full Answer >>
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    There are plenty of federal regulations and agencies governing the activity of debt collectors, creditors, credit reporting ... Read Full Answer >>
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