Federal Trade Commission (FTC)

The Federal Trade Commission (FTC) is an independent government agency in the US that enforces various antitrust and consumer protection laws in order to prevent unfair business practices. Its mission is based on efforts to safeguard consumers and encourage fair competition to impact economic well-being.

The FTC works together with the Department of Justice to enforce these laws in different commerce sectors, including banks, insurance companies, non-profits, transportation, and others. Some of their everyday activities include sharing their expertise with federal and state legislature and international government agencies, as well as developing policy and research tools through workshops or conferences.

Frequently asked questions

What is the Mission of the Federal Trade Commission (FTC)?

The Federal Trade Commission has one main goal: to prevent business practices that harm competition, deceive consumers, or are unfair to them. The FTC aims to promote informed consumer choice and public awareness of fair competition, all while ensuring that these goals do not unnecessarily hinder legitimate business activities.

To achieve this mission, the FTC:

Establish trade regulation rules that define unfair or deceptive acts or practices.
Seek remedies for consumers, such as injunctions and restitution, and in certain cases, can pursue civil penalties against offenders.
Issue reports and provide legislative suggestions to Congress on matters impacting the economy.

When Was the Federal Trade Commission Created?

What is FTC’s Approach to AI Regulation?

What is the FTC Internet Rule?

How Does the FTC Define a Market?

Where Does the FTC Send Funds?