Federal Trade Commission

THE FEDERAL Trade Commission (FTC) was enacted under the Federal Trade Commission Act of 1914, and was created in 1915. The FTC provides regulatory enforcement of rules and regulations designed to maintain fair and open competition in the marketplace. While the banking and transportation industries are regulated by other agencies, the FTC is responsible for enforcing rules and regulations for many other industry groups, including those that may be related to banking and transportation.

In addition to enforcement of the FTC Act, the FTC is responsible for enforcing laws created by other acts, such as the Wheeler-Lea Act of 1938 and the Robinson-Patman Act of 1936. The FTC does not possess criminal law enforcement powers, but does have civil and regulatory authorities that are enforceable through ...