Federal Trade Commission Definition:

The Federal Trade Commission (FTC) is an independent federal agency in the United States responsible for promoting consumer protection and preventing anti-competitive business practices. The agency was established in 1914 and has broad authority to investigate and prosecute unfair and deceptive business practices, as well as to enforce antitrust laws.

The FTC enforces laws and regulations related to consumer protection, including those regarding advertising and marketing, privacy and data security, credit and financial services, and telemarketing and fraud. The agency has the power to issue fines, seek injunctions, and take legal action against individuals and businesses that violate these laws. The FTC also conducts research and provides guidance to consumers and businesses on issues related to consumer protection and competition. The agency maintains a number of online resources, including consumer guides, educational materials, and a complaint database where consumers can report fraudulent or deceptive business practices.

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