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The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of consumer protection and the elimination and prevention of anticompetitive business practices, such as coercive monopoly. The Federal Trade Commission Act was one of President Woodrow Wilson's major acts against trusts. Trusts and trust-busting were significant political concerns during the Progressive Era. Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq. Over time, the FTC has been delegated the enforcement of additional business regulation statutes and has promulgated a number of regulations (codified in Title 16 of the Code of Federal Regulations).

Bureau of Consumer ProtectionThe Bureau of Consumer Protection's mandate is to protect consumers against unfair or deceptive acts or practices in commerce. With the written consent of the Commission, Bureau attorneys enforce Federal Laws related to consumer affairs and rules promulgated by the FTC. Its functions include investigations, enforcement actions, and consumer and business education. Areas of principal concern for this bureau are: advertising and marketing, financial products and practices, telemarketing fraud, privacy and identity protection, etc. The bureau also is responsible for the United States National Do Not Call Registry.

Under the FTC Act, the Commission has the authority, in most cases, to bring its actions in federal court through its own attorneys. In some consumer protection matters, the FTC appears with, or supports, the U.S. Department of Justice.

Bureau of CompetitionThe Bureau of Competition is the division of the FTC charged with elimination and prevention of "anticompetitive" business practices. It accomplishes this through the enforcement of antitrust laws, review of proposed mergers, and investigation into other non-merger business practices that may impair competition. Such non-merger practices include horizontal restraints, involving agreements between direct competitors, and vertical restraints, involving agreements among businesses at different levels in the same industry (such as suppliers and commercial buyers).

The FTC shares enforcement of antitrust laws with the Department of Justice. However, while the FTC is responsible for civil enforcement of antitrust laws, the Antitrust Division of the Department of Justice has the power to bring both civil and criminal action in antitrust matters.

Bureau of EconomicsThe Bureau of Economics was established to support the Bureau of Competition and Consumer Protection by providing expert knowledge related to the economic impacts of the FTC's legislation and operation. Activities of the FTCThe FTC puts out its mission by investigating issues raised by reports from consumers and businesses, pre-merger notification filings, congressional inquiries, or reports in the media. These issues include, for instance, false advertising and other forms of fraud. FTC investigations may pertain to a single company or an entire industry. If the results of the investigation reveal unlawful conduct, the FTC may seek voluntary compliance by the offending business through a consent order, file an administrative complaint, or initiate federal litigation.

Traditionally an administrative complaint is heard in front of an independent administrative law judge (ALJ) with FTC staff acting as prosecutors. The case is reviewed de novo by the full FTC commission which then may be appealed to the U.S. Court of Appeals and finally to the Supreme Court. A summary of cases heard since 1996[5] indicates that the commission has never upheld an administrative law judge's decision to dismiss a complaint. After adverse results in which the independent administrative law judges have ruled against the FTC (Schering Plough[6] and Rambus),[7] there has been a move towards FTC commissioners being appointed as ALJ (Commissioner Rosch in Inova Health).[8]

Under the FTC Act, the federal courts retain their traditional authority to issue equitable relief, including the appointment of receivers, monitors, the imposition of asset freezes to guard against the spoliation of funds, immediate access to business premises to preserve evidence, and other relief including financial disclosures and expedited discovery. In numerous cases, the FTC employs this authority to combat serious consumer deception or fraud. Additionally, the FTC has rulemaking power to address concerns regarding industry-wide practices. Rules promulgated under this authority are known as Trade Rules.

In the mid-1990s, the FTC launched the fraud sweeps concept where the agency and its federal, state, and local partners filed simultaneous legal actions against multiple telemarketing fraud targets. The first sweeps operation was Project Telesweep[9] in July 1995 which cracked down on 100 business opportunity scams.

In 1984,[10] the FTC began to regulate the funeral home industry in order to protect consumers from deceptive practices. The FTC Funeral Rule requires funeral homes to provide all customers (and potential customers) with a General Price List (GPL), specifically outlining goods and services in the funeral industry, as defined by the FTC, and a listing of their prices.[11] By law, the GPL must be presented to all individuals that ask, no one is to be denied a written, retainable copy of the GPL. In 1996, the FTC instituted the Funeral Rule Offenders Program (FROP), under which "funeral homes make a voluntary payment to the U.S. Treasury or appropriate state fund for an amount less than what would likely be sought if the Commission authorized filing a lawsuit for civil penalties. In addition, the funeral homes participate in the NFDA compliance program, which includes a review of the price lists, on-site training of the staff, and follow-up testing and certification on compliance with the Funeral Rule."[10]

One of the Federal Trade Commission's other major focuses is identity theft. The FTC serves as a federal repository for individual consumer complaints regarding identity theft. Even though the FTC does not resolve individual complaints, it does use the aggregated information to determine where federal action might be taken. The complaint form is available online or by phone (1-877-ID-THEFT).

The FTC has been involved in the oversight of the online advertising industry and its practice of behavioral targeting for some time. In 2011 the FTC proposed a "Do Not Track" mechanism to allow Internet users to opt-out of behavioral targeting.

In 2013, the FTC issued a comprehensive revision of its Green Guides, which set forth standards for environmental marketing.[12]

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Q: What were the powers of new federal trade commission?
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New presidentially appointed regulatory commission designed to prevent monopoly and guard against unethical trade practices?

The Federal Trade Commission Act

Is the federal trade commission in charge of cards?

Yes, the federal trade commission is in charge of cards. This means that they have full control over prices in the New York area, including the states surrounding that area.

Who began the New Freedom program and pushed for the Federal Trade Commission?

Woodrow Wilson

What can you do if your company lies to customers about the products they are selling for example sells items as new that are not new?

Report them to the Federal Trade Commission.

What new federal agencies increased the government's power to regulate the economy?

The new federal agencies that increased the government's power to regulate the economy is the federal banking system. This has made it possible to monitor and control the economy of the country.

Who can you complain to regarding the new mastercard policy for sears credit cards charging a 30 fee?

The Federal Trade Commission (US government)

What were two weaknesses in the new national government?

The government has no powers over commerce or trade!

Why did Congress create the Federal Trade Commission in 1914?

The Federal Trade Commission was created during the "Progressive Era", which was about 1890ish until about 1920ish. During the Progressive Era, new laws and Supreme Court rulings were passed that aimed at breaking the undue power of large corporations, which were doing a lot of shady stuff at the time. The FTC was a part of this; its initial purpose was to protect the people against false advertising, and to ensure that business competition was not being done unfairly.

How does Article II section 2 of the U.S. Constitution limit the power of the federal government?

When the US Constitution was ratified by the states, the delegates wanted to insure that the new Federal government had limited powers. To ensure this all powers not delegated to the Federal government, all powers not assigned to the Federal government are powers left to each state to decide.

What did the writers of the articles of confederation want to preserve?

The powers of the new federal government

If the caseloads of the federal courts should become too heavy congress has the powers to?

They have the power to create new federal courts.

What was Nixon's attempt to reduce federal restrictions called?

This was called New Federalism. Both President Nixon and President Reagan tried to reduce the powers of the federal government and give these powers back to the state.