The Federal Trade Commission: Protecting Consumers for Over A Century
About the FTC
A Bipartisan Agency for American Consumers
Established over 100 years ago, the Federal Trade Commission (FTC) is a bipartisan federal agency committed to safeguarding the interests of American consumers. Its mission is to protect consumers from deceptive and unfair business practices, ensuring they have the necessary information to make informed decisions in the marketplace.
FTC's Role
Enforcement of Civil Laws
As an independent agency of the United States government, the FTC's primary responsibility is to enforce civil laws that prohibit deceptive and unfair business practices. This includes investigating and taking action against companies that engage in misleading advertising, privacy violations, or other consumer protection violations.
Education and Information
In addition to its enforcement role, the FTC provides valuable information and resources to help consumers protect themselves from scams and fraud. Through its website and publications, the FTC educates consumers about their rights and responsibilities in the marketplace. It also offers guidance on how to avoid common pitfalls, such as phishing emails or unsolicited calls.
Consumer Advice
What to Do if You Were Scammed
If you believe you have been a victim of a scam or unfair business practice, the FTC encourages you to report it. You can file a complaint online at reportfraud.ftc.gov or by calling 1-877-FTC-HELP (1-877-382-4357). The FTC will investigate your complaint and take appropriate action, such as issuing warnings or enforcing fines.
Conclusion
The Federal Trade Commission plays a vital role in protecting consumers from deceptive and unfair business practices. By enforcing civil laws, providing education, and assisting consumers who have been scammed, the FTC helps ensure that consumers have the information and tools they need to make informed choices and stay protected in the marketplace.
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