An example of FTC is the agency that prosecutes business scams and fraudulent advertising.
- (US) Initialism of Federal Trade Commission.
- (US) Initialism of Federal Transfer Center.
ftc - Computer Definition
An independent United States government agency, reporting directly to Congress, the FTC was created in 1914 to prevent unfair methods of competition in commerce. In 1938, Congress passed the Wheeler-Lea Amendment, which included a broad prohibition against unfair and deceptive acts or practices. Since then, the Commission also has been directed to administer a wide variety of other consumer protection laws, including the Telemarketing Sales Rule, the Pay-Per-Call Rule and the Equal Credit Opportunity Act. In 1975, Congress passed the Magnuson-Moss Act, which gave the FTC the authority to adopt trade regulation rules that define unfair or deceptive acts in particular industries, and that have the force of law.The FTC is organized into the Bureaus of Consumer Protection, Competition, and Economics.
ftc - Investment & Finance Definition
- When you're ready to finance your next big purchase or obtain credit, order your free government credit report from the FTC first to find out your credit score and what is contained in your credit report.
- While the FDA and the FTC have cracked down on spurious claims about coral calcium, the myth continues to prevail that it is a better source of calcium than the closely related calcium carbonate.
- There is also information available from the FTC which will help you tackle your credit card debt problem on your own if you decide against seeking out assistance from a credit counseling agency.
- When you are searching for accurate legal information regarding credit cards one of the best places to use as a reliable source is the Federal Trade Commission, often referred to as the FTC.
- The FTC and FDA both vigorously pursued coral calcium supplement claims in recent years, going after makers and marketers that claimed coral calcium cures cancer and many other diseases.