Federal Trade Commission Act


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Federal Trade Commission Act

a US statute that controls unfair competition and established an administrative agency, the Federal Trade Commission. While the SHERMAN ACT and the CLAYTON ACT are essentially criminal provisions, this provision allows for ‘cease and desist’ orders stopping a practice and injunctions and associated penalties for contempt of court.
References in periodicals archive ?
The Decision and Order does not prohibit MTNA or its affiliates from adopting and enforcing codes of ethics or similar documents that govern the conduct of its members with respect to representations that MTNA or its affiliates reasonably believe would be false or deceptive within the meaning of the Federal Trade Commission Act, or the conduct of judges during music competitions sponsored or held by MTNA or any affiliate.
When we are doing an investigation, we are often looking at whether a company has failed to maintain reasonable security such that they cross the line of an 'unfair practice' under Section 5 of the Federal Trade Commission Act.
The FTC monitors compliance with the Federal Trade Commission Act and is authorized to take action when it becomes aware of a non-complying advertisement.
And the CFPB and the FDIC both determined that Discover was violating section 5 of the Federal Trade Commission Act as to the FDIC's jurisdiction, and violating sections 1031 and 1036 of the Consumer Financial Protection Act as to the CFPB's jurisdiction.
The key areas to examine are Dodd-Frank's Section 1031 (which prohibits unfair, deceptive or abusive practices in connection with consumer transactions for financial products and services), and Section 5 of the Federal Trade Commission Act (which prohibits unfair and deceptive practices more generally).
would be a per se violation of the Sherman Act and the Federal Trade Commission Act .
The backbone of FTC's consumer protection mission is Section 5 of the Federal Trade Commission Act (the "FTC Act"), which prohibits unfair or deceptive advertising and marketing.
As the 34 attorneys general wrote, "many of our states have laws that can be used to address this harm, including statutes patterned after the Federal Trade Commission Act.
any breach of the privacy promise could violate the Federal Trade Commission Act, part of which is in place to prevent deceptive practices against consumers, and opposed the transfer of personal information.
While there is no federal or state law that specifically regulates these sorts of claims, there are two federal statutes, the Lanham Act and the Federal Trade Commission Act (among others) that have been interpreted to govern these sorts of claims.
The laws include the federal Fair Credit Reporting Act, the Gramm-Leach-Bliley Act, the Children's Online Privacy Protection Act, the Fair and Accurate Credit Transactions Act and the Federal Trade Commission Act, all with their many regulations and amendments, as well as recently-enacted state laws.
The Federal Reserve has authority to examine nonbank subsidiaries for compliance with the Truth in Lending Act, the Equal Credit Opportunity Act, the Home Ownership and Equity Protection Act, the Fair Credit Billing Act, the Consumer Leasing Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Home Mortgage Disclosure Act, the Truth in Savings Act, any rules promulgated pursuant to the Federal Trade Commission Act, and the Real Estate Settlement Procedures Act.

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