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People also ask
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What does the FTC actually do?
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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What is FTC used for?
We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices.
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What is FTC funding?
Federal Trade Commission Agency overview Annual budget $425.7 million (FY 2024) Agency executive Lina Khan, Chairperson Website ftc.gov Footnotes8 more rows
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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.
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Why did I get a FTC refund?
Whenever possible, the FTC uses the money it collects from defendants to provide refunds to injured consumers. If there is any money left in the settlement fund after the first distribution, the FTC may send a second round of payments.
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How does the FTC protect you?
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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How do I claim money from FTC?
Most FTC cases do not require you to file a claim. FTC court orders typically require the defendants to provide a list of customers, along with their contact information, and how much they paid. We use this information to send refunds.
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