FTC Signs on to Multilateral Arrangement to Bolster Cooperation on Privacy and Data Security Enforcement

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Summary:

The Federal Trade Commission (FTC) is responsible for enforcing federal competition and consumer protection laws to prevent anticompetitive, deceptive, and unfair business practices. The FTC’s mission is to protect consumers and competition by preventing such practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity.

Enforcement:

The FTC enforces federal laws and regulations to prevent anticompetitive, deceptive, and unfair business practices. The agency offers various resources and guidance to help businesses comply with the law, including the Legal Library, which provides legal resources and guidance on business responsibilities and compliance with the law. The FTC also accepts reports of antitrust violations and adjudicative documents, and provides banned debt collector lists and competition guidance.

Policy:

The FTC works to advance government policies that protect consumers and promote competition. The agency develops policy statements and invites public comments on policy proposals. The Technology Blog and Policy sections provide information on the FTC’s technology and policy initiatives.

Advice and Guidance:

The FTC provides advice and guidance to consumers and businesses on various topics, including consumer protection, competition, and data privacy. The agency offers resources to help consumers understand their rights and avoid scams, and provides guidance to businesses on complying with consumer protection laws. The FTC also offers resources on specific topics, such as shopping and donating, credit and debt, identity theft and online security, and unwanted calls and texts.

Business Guidance:

The FTC provides guidance to specific industries and businesses on various topics, including advertising and marketing, credit and finance, privacy and security, and more. The agency also offers resources and guidance for small businesses and servicemembers.

News and Events:

The FTC’s news and events sections provide information on the latest developments and initiatives, including press releases, public events, and social media updates.

About the FTC:

The FTC’s mission is to protect consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity.

For Your Information:

The FTC has agreed to participate in the Global Cooperation Arrangement for Privacy Enforcement (Global CAPE), a nonbinding arrangement that enables the agency to cooperate with other privacy authorities around the world on privacy and data security investigations. This participation ensures the FTC can keep pace with the increasingly global nature of commerce and cooperate with other members of the organization on privacy and data security related law enforcement issues.

Overall, the Federal Trade Commission plays a critical role in protecting consumers and promoting competition, and provides various resources and guidance to help businesses comply with the law and prevent unfair and deceptive practices.