Federal Trade Commission
- About the Federal Trade Commission
Federal Trade Commission is an independent agency under the jurisdiction of the Federal government of the United States.
Having been established in September, 1914, this agency was preceded by the Bureau of Corporations.
The agency is headquartered in Washington D.C. and employs 1,190 people as of March, 2011.
- Mission of the Federal Trade Commission
The mission of Federal Trade Commission (FTC), according to the statement on the agency’s website, is to
“prevent business practices that are anticompetitive or deceptive or unfair to consumers; to enhance informed consumer choice and public understanding of the competitive process; and to accomplish this without unduly burdening legitimate business activity.”
- Goals of the Federal Trade Commission
The goals of the agency are as follows: to protect consumers, to maintain competition and to advance performance.
- Activities of the Federal Trade Commission
To achieve these goals, the Federal Trade Commission performs various activities. The agency investigates reports from consumers and businesses, reports in the media, congressional inquiries, acts to prevent fraud, deception, unfair and anti-competitive practices in the marketplace, and more.
- Consumer protection by the Federal Trade Commission
All these and other activities by the FTC help the agency benefit American consumers. As such, the Federal Trade Commission enforces federal laws designed to protect consumers, thus enhancing consumer confidence; empowers consumers with free information, thus helping them to protect and exercise their rights, interacts with consumers to receive timely information and complaints; and deals with other issues that affect the everyday life of every American.