What are the 2 main things that the FTC does?
What are the 2 main things that the FTC does?
The basic statute enforced by the FTC, Section 5(a) of the FTC Act, empowers the agency to investigate and prevent unfair methods of competition, and unfair or deceptive acts or practices affecting commerce. This creates the Agency’s two primary missions: protecting competition and protecting consumers.
Does the FTC do a good job?
Our excellent work is often recognized by the public and media. A career at the FTC can provide exceptional opportunities to obtain excellent training, development, and professional growth. We value, and seek to promote and support the diversity of our communities.
What is an FTC officer?
We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices.
What are the 3 goals of the FTC?
Objective 1: Identify fraud, deception, and unfair practices that cause the greatest consumer injury. Objective 2: Stop fraud, deception, and unfair practices through law enforcement. Objective 3: Prevent consumer injury through education.
Is the FTC a law enforcement agency?
The Federal Trade Commission (FTC) functions primarily as a law enforcement agency. We undertake both court and administrative actions to enhance competition and protect consumers.
How many people work for the Federal Trade Commission?
Federal Trade Commission
| Agency overview | |
|---|---|
| Jurisdiction | United States |
| Headquarters | Federal Trade Commission Building Washington, D.C. |
| Employees | 1,131 (December 2011) |
| Annual budget | $311 million (FY 2019) |
Who works at the FTC?
The FTC also hires professionals who work in a variety of mission support areas, including: legal counsel and public policy; Congressional relations; public relations; consumer and business education; building services; information technology; financial management; records management; and human capital management.
Who does the FTC report to?
The Commission is headed by five Commissioners, nominated by the President and confirmed by the Senate, each serving a seven-year term. No more than three Commissioners can be of the same political party. The President chooses one Commissioner to act as Chair.
How long does the FTC Chair serve?
The Commission is headed by five Commissioners, nominated by the President and confirmed by the Senate, each serving a seven-year term.
What are four ways the Federal Trade Commission protects consumers?
The FTC’s Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights …