Definition from Nolo’s Plain-English Law Dictionary
A federal government agency established to regulate business practices and enforce antitrust laws. The FTC often shows up in the news when big businesses attempt to merge, but it also plays a role in protecting consumers from unfair business practices, including actions by collection agencies and credit bureaus. While the FTC generally does not have authority to intervene in specific consumer disputes, it can take action against a company about which it has received numerous consumer complaints.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm