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The Federal Trade Commission (FTC) works to ensure that the nation’s markets are vigorous, efficient and free of restrictions that harm consumers. Experience demonstrates that competition among firms yields products at the lowest prices, spurs innovation and strengthens the economy. Markets also work best when consumers can make informed choices based on accurate information.
To ensure the smooth operation of our free market system, 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 restrict competition and harm consumers. Whether combating telemarketing fraud, Internet scams or price-fixing schemes, the FTC’s primary mission is to protect consumers.
In addition, the Commission conducts economic research and analysis to support its law enforcement efforts and to contribute to the policy deliberations oft the Congress, the Executive Branch, other independent agencies, and state and local governments.
President Woodrow Wilson signed the FTC Act into law on September 26, 1914. The FTC governs the Fair Credit Reporting Act and the Fair and Accurate Credit Transactions Act of 2003.