Federal Trade Commission Act

(redirected from FTC Act)

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 Commission's career enforcement staff conducted an extremely thorough investigation for over a year that focused on all potential violations of the FTC's 2012 order and Section 5 of the FTC Act. The sweeping settlement announced today is based on the staff's recommendation, and includes three major components: a record-breaking $5 billion penalty; new substantive privacy and data security requirements; and significant structural reforms to ensure greater corporate accountability, more rigorous compliance monitoring, and increased transparency," FTC said in a joint statement by Chairman Joe Simons, and Commissioners Noah Joshua Phillips and Christine S.
The company and other defendants are charged with violating the FTC Act and several provisions of the Credit Repair Organizations Act, the Telemarketing Sales Rule, the Consumer Review Fairness Act, the Truth in Lending Act, and the Electronic Funds Transfer Act.
The non-disclosure in social media posts could be seen as a violation of the FTC Act. Companies have been asked to disclose material health or safety risks in ads on social media or when influencers endorse these products.
District Court for the Northern District of California's ruling yesterday that Qualcomm's licensing practices relating to its modem chips violate Sections 1 and 2 of the Sherman Act and constitute an unfair method of competition under the FTC Act: "Yesterday's decision that Qualcomm's practices violate the antitrust laws is an important win for competition in a key segment of the economy.
AT&T Mobility, the Ninth Circuit, sitting en banc, affirmed the district court's denial of AT&T's motion to dismiss an action brought by the Federal Trade Commission (FTC) under Section 5 of the FTC Act (Act), alleging that AT&T's data-throttling plan was unfair and deceptive.
Part IV provides a brief sketch of a world in which the FTC enjoyed superior-preemptive power under the unfair-methods-of-competition prong of Section 5 of the FTC Act. In particular, it provides some framing thoughts on the sorts of tests the commission might use to distinguish between permissible and anticompetitive state regulations.
The Commission charged the defendants with violating the FTC Act, the Restore Online Shoppers' Confidence Act, and the Electronic Funds Transfer Act.
On April 3, 2014, MTNA was notified that the Federal Trade Commission approved a Consent Agreement and Decision and Order settling charges that MTNA restrained competition among its members in violation of the FTC Act. The settlement concluded a yearlong investigation by the FTC in which it alleged that the violation occurred though a provision in the MTNA Code of Ethics that restricted members from recruiting students from other teachers.
Additionally, he expects their nominees to the DOJ and FTC to push the envelope on Sherman Act Section 2 and FTC Act Section 5 enforcement.
The report outlines some of the various laws that apply to the use of big data, especially in regards to possible issues of discrimination or exclusion, including the Fair Credit Reporting Act, FTC Act and equal opportunity laws.
At the federal level, the Federal Trade Commission ("FTC") regulates advertising pursuant to the FTC Act. In short, the FTC Act provides that advertising must be truthful and not deceptive, and that advertisers must have proper and sufficient evidence to support claims prior to making them, i.e.
According to FTC's May 2015 complaint, Nice-Pak violated the FTC Act by misrepresenting that a certain formulation of its wipes: 1) are safe for sewer systems; 2) are safe for septic systems; 3) break apart shortly after being flushed; and 4) are safe to flush.