About the FTC (2024)

Our Mission

Protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education.

Our Vision

A vibrant economy fueled by fair competition and an empowered, informed public.

Our Strategic Goals

  1. Protect the public from unfair or deceptive acts or practices in the marketplace
  2. Protect the public from unfair methods of competition in the marketplace and promote fair competition
  3. Advance the FTC’s effectiveness and performance

How the FTC Benefits Consumers

As a consumer or business person, you may be more familiar with the work of the Federal Trade Commission than you think. The FTC deals with issues that touch the economic life of every American.

The FTC is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. FTC’s work is performed by the Bureaus of Consumer Protection, Competition and Economics. That work is aided by the Office of General Counsel and eightregional offices.

History of the FTC

When the FTC was created in 1914, its purpose was to prevent unfair methods of competition in commerce as part of the battle to “bust the trusts.” Over the years, Congress passed additional laws giving the agency greater authority to police anticompetitive practices. In 1938, Congress passed 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 gave the FTC the authority to adopt industry-wide trade regulation rules.

Learn more about the FTC's history

The FTC will never demand money or personal information from you. If you have been targeted by an illegal business practice or scam, report it at ReportFraud.ftc.gov.

About the FTC (2024)

FAQs

About the FTC? ›

The FTC enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation.

What does the FTC actually do? ›

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.

What are the 3 goals of the FTC? ›

THE FEDERAL TRADE COMMISSION'S (FTC) MISSION: To prevent business practices that are anticompetitive or deceptive or unfair to consumers; to enhance informed consumer choice and public understanding of the competitive process; and to accomplish this without unduly burdening legitimate business activity.

What are the 3 things that the FTC consumer protection Bureau do? ›

The FTC's Bureau of Consumer Protection stops unfair, deceptive and fraudulent business practices by:
  • collecting complaints and conducting investigations.
  • suing companies and people that break the law.
  • developing rules to maintain a fair marketplace.

How does the FTC protect citizens? ›

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 ...

What happens after filing a complaint with the FTC? ›

Your report goes into the FTC's Consumer Sentinel database, which is available to federal, state, and local law enforcement across the country. The FTC uses reports like yours to investigate and bring cases against fraud, scams, and bad business practices, but can't resolve reports on behalf of individuals.

What are the examples of FTC violations? ›

Every year the FTC brings hundreds of cases against individuals and companies for violating consumer protection and competition laws that the agency enforces. These cases can involve fraud, scams, identity theft, false advertising, privacy violations, anti-competitive behavior and more.

What types of complaints can you file with the FTC? ›

Take Action
  • Report fraud.
  • Submit a public comment.
  • File an antitrust complaint.
  • Get your free credit report.
  • Report identity theft.
  • Register for Do Not Call.

Why might you contact the FTC? ›

Need to Report Fraud? The Federal Trade Commission, the nation's consumer protection agency, collects fraud reports about companies, business practices, identity theft, and violations of the National Do Not Call Registry.

Can the FTC shut down a business? ›

Yes, the FTC can shut you down.

Who can the FTC investigate? ›

The U.S. Federal Trade Commission (FTC) investigates companies and individuals for a broad range of statutory and regulatory offenses.

What are five federal laws that protect consumers? ›

Consumer Warranties and Service Contracts
  • Express and Implied Warranties.
  • Dealing With Warranty Breach.
  • Federal Securities Act.
  • Fair Credit Reporting Act.
  • Dodd-Frank Act.
  • The Fair Housing Act.
  • The Fair Debt Collection Practices Act (FDCPA)
  • Section 5 of the Federal Trade Act.

Who does the FTC benefit? ›

The FTC's mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education. Our work to protect consumers and promote competition touches the economic life of every American.

What is the primary purpose of the FTC? ›

The FTC enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation.

What are some of the FTC duties and responsibilities? ›

The FTC's mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education. Our work to protect consumers and promote competition touches the economic life of every American.

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