Definition

Federal Trade Commission (FTC)

Federal Trade Commission (FTC) is a government agency established by the Federal Trade Commission Act of 1914: a quasi-judicial body empowered to issue cease-and–desist orders against companies whose combinations would significantly lessen competition. A firm that disregards one of these orders may be fined upto 10000 US dollars. The FTC also investigates false or misleading advertising claims, regulates product labeling and packaging, and ensures that borrowers are told the true cost of consumer loans and charge account.

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