The FTC Enforces Fair Trade and Competition in the United States
The Federal Trade Commission (FTC) was established in 1914 and is responsible for protecting US consumers and encouraging fair competition. Specifically, it battles unfair, deceptive, and fraudulent practices in the marketplace. And it monitors the market for monopoly situations that could impact consumers negatively.
For privacy and security, the FTC is the primary enforcement agency in the US. It ensures that consumers’ privacy rights are protected and that companies meet the privacy policies that they have committed to with their customers.
What are some of the responsibilities of the FTC?
- Monitor and enforce the privacy rights of consumers.
- Monitor and enforce the privacy rights of children under 13 (COPPA).
- Investigate data breaches for negligence.
- Monitor and bring action against companies that engage in unfair trade practices.
- Monitor and take action against companies that engage in deceptive trade practices.
- Ensure a fair competitive environment and monitor and take action against monopolistic mergers and acquisitions.
- Provide alerts for citizens.
- Maintain a do not call registry.
- Collect and investigate consumer trade and monopoly complaints.