An Overview of the Federal Trade Commission Act of 1914

Summary:

The Federal Trade Commission Act (FTC Act) of 1914 is a cornerstone of US commercial law, aiming to ensure fair competition and protect consumers from deceptive or unfair business practices. The Act created the Federal Trade Commission (FTC) as an independent regulatory agency, prohibits unfair methods of competition and deceptive acts or practices, and grants the FTC extensive powers to enforce regulations through investigative, enforcement, and rule-making authority. Continuously playing a vital role in governing commerce and consumer protection, the FTC Act remains an instrumental legal framework over a century after its enactment.