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.

  1. Marketing Fraud

    Illegal practices perpetrated by a company in the promotion of ...
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  3. Antitrust

    The antitrust laws apply to virtually all industries and to every ...
  4. Ponzi Scheme

    A fraudulent investing scam promising high rates of return with ...
  5. Monopoly

    A situation in which a single company or group owns all or nearly ...
  6. Oligopoly

    A situation in which a particular market is controlled by a small ...
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  1. What are the benefits of investing in a money market fund?

    The U.S. Department of Justice, or DOJ, and the Federal Trade Commission, or FTC, use the Herfindahl-Hirschman Index, or ... Read Full Answer >>
  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 >>
  4. What legal action can I take against a debt collector?

    There are plenty of federal regulations and agencies governing the activity of debt collectors, creditors, credit reporting ... Read Full Answer >>
  5. How do I fix an error on my credit report?

    Credit reports are monitored by the three major credit bureaus under the authority of the Federal Trade Commission. Sometimes ... Read Full Answer >>
  6. Can FHA loans be used for condos?

    A borrower can obtain Federal Housing Administration (FHA) loans to finance the purchase of a condominium as long as the ... Read Full Answer >>

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