Federal Trade Commission

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  • The Federal Trade Commission, often referred to as FTC, is an independent agency of the United States government. Its purpose is to regulate national business practices in order to protect consumers from unfair exploitation.
  • Fast Facts

    1. Formed: September 26, 1914
    2. Established by President Wilson
    3. Preceding agency: Bureau of Corporations
    4. Independent regulatory commission
    5. Headquarters: Washington, D.C.
    6. Employees: 1,200 (2007)
    7. Chairman: Jon Leibowitz
    8. Established to break up corporate trusts in the early 20th century
  • FTC Composition

    The FTC is divided into three branches:

    1. Bureau of Competition
      • Enforces antitrust laws, oversees mergers, and investigates existing business practices
    2. Bureau of Consumer Protection
      • Oversees advertising and marketing, investigates fraud and identity thefts, provides consumer and corporate education
    3. Bureau of Economics
      • Provides economic research and support to the other two branches

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