The Federal Trade Commission Act in the 21st Century: Relevance and Evolution

Summary:

The Federal Trade Commission Act of 1914 remains relevant and adaptable in the 21st century. Its core objectives, including consumer protection and fair competition, continue to be pertinent in the face of modern e-commerce and digital advertising. The Act has evolved to address new challenges, such as data privacy and cybersecurity, globalization, and digital commerce. The FTC has been actively extending its enforcement actions to include these areas, setting guidelines and regulations for online transactions and digital advertising. Despite its age, the Act remains a critical instrument for safeguarding fair competition and consumer rights in today's complex commercial landscape.