The Federal Trade Commission (FTC) is the agency of the federal government that seeks to promote free and fair competition in interstate commerce. The FTC also retains exclusive jurisdiction to prohibit unfair competition and unfair or deceptive acts in or affecting commerce.
Consumers who refer to care labels in their clothes, product warranties or stickers showing the energy costs of home appliances are using information required by the FTC. Businesses must be familiar with the laws requiring truthful advertising or prohibiting price fixing. These laws also are administered by the FTC.
Leadership and Organization
The FTC is an independent agency that reports to Congress on its actions. The Commission is headed by five Commissioners, nominated by the President and confirmed by the Senate, each serving a seven-year term. The President chooses one Commissioner to act as Chairman. No more than three Commissioners can be of the same political party. The FTC consists of three (3) Bureaus, and many Divisions under each Bureau.
The Bureau of Consumer Protection
The Bureau of Consumer Protection’s mandate is to protect consumers against unfair,