Thursday, November 06, 2014

FTC@100, 100 Years Of Consumer Protection, Competition and Economics


FTC, Federal Trade Commission, was created in 1914,  to prevent unfair methods of competition in commerce as part of the battle to “bust the trusts.”
Since then it's role have only grown, as Congress passed additional laws giving the agency greater authority to police anticompetitive practices.
In 1938, Congress passed a broad prohibition against “unfair and deceptive acts or practices.” Since then the Commission has been administering a wide variety of other consumer protection laws, including the Telemarketing Sales Rule, the Pay-Per-Call Rule and the Equal Credit Opportunity Act.
In 1975, Congress gave the FTC the authority to adopt industry-wide trade regulation rules.
Whether you like it or not the FTC has been there for the Americans and by example to many other countries. I for one is glad, that FTC is around.
To commemorate the 100 years of it's existence, FTC is providing a variety of events;

  • On Thursday evening, November 6, along with the Antitrust Section of the ABA, the FTC will host our 100th Anniversary Dinner, a public event for FTC staff, alumni, friends, and supporters. Information about the event and tickets can be found on the event’s registration page
  • On Friday, November 7, the Commission will host a day-long Symposium at the Constitution Center Auditorium. The event is open to the public, and promises to be special gathering. Each of Commissioners will moderate one of four panels that will examine the FTC’s unique “toolkit,” comprised of enforcement, remedies, research and advocacy, and business guidance and consumer education. There will also be a roundtable to conclude the symposium, featuring seven former Chairmen. I expect it to be a fascinating walk through the administrations from the early-seventies through the present.
Please join FTC for these wonderful events.


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