All Users Subject to the Federal Trade Commission's Form
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People also ask
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What type of complaints does the FTC handle?
As the nation's consumer protection agency, the FTC takes reports about scammers that cheat people out of money and businesses that don't make good on their promises. We share these reports with our law enforcement partners and use them to investigate fraud and eliminate unfair business practices.
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Who is exempt from FTC?
All community banks fall under the Gramm-Leach-Bliley (GLB) Act mentioned above, making them exempt from the FTC Safeguards Rule. 2. Credit unions. All federal credit unions and many state-chartered ones are NCUA insured, making them exempt from the Safeguards Rule.
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What does the Federal Trade Commission Act require?
Under this Act, as amended, the Commission is empowered, among other things, to (a) prevent unfair methods of competition and unfair or deceptive acts or practices in or affecting commerce; (b) seek monetary redress and other relief for conduct injurious to consumers; (c) prescribe rules defining with specificity acts ...
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How many people are in the Federal Trade Commission?
Report them to the FTC. The Commission is headed by five Commissioners, nominated by the President and confirmed by the Senate, each serving a seven-year term. No more than three Commissioners can be of the same political party.
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What does FTC apply to?
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.
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Who is on the Federal Trade Commission?
Current members of the FTC NamePartyEducation Alvaro Bedoya Democratic Harvard College (BA) Yale Law School (JD) Melissa Holyoak Republican University of Utah (BA) University of Utah Law School (JD) Andrew N. Ferguson Republican University of Virginia (BA) University of Virginia School of Law (JD)2 more rows
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Who is subject to FTC?
The Federal Trade Commission enforces a variety of antitrust and consumer protection laws affecting virtually every area of commerce, with some exceptions concerning banks, insurance companies, non-profits, transportation and communications common carriers, air carriers, and some other entities.
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What companies are subject to FTC regulations?
Selected Industries Alcohol. Appliances. Automobiles. Clothing and Textiles. Finance. Franchises, Business Opportunities, and Investments. Funerals. Human Resources.
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