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The FTC Act does not give consumers the right to sue for violations of the act, but consumers may complain to the Commission about acts or practices they believe to be unfair or deceptive. [14] Consumers may, however, be authorized to sue under a state "UDAP" (unfair, deceptive and abusive practices) statute, sometimes called a "Little FTC Act."
The Federal Trade Commission is an independent regulatory agency responsible for protecting consumers and competition. [20] [21] In 1995, the FTC became involved with privacy regulation. At the beginning, the agency promoted self regulation as they encouraged companies to produce their own privacy policies that the FTC would help enforce.
Two brands of aspirin.Left: a national brand made by Bayer.Right: a private-label brand. Note the price difference and similar boxes. A private label, also called a private brand or private-label brand, is a brand owned by a company, offered by that company alongside and competing with brands from other businesses.
Private label brands, also known as store brands, compete with national name brand products, often primarily on price but also sometimes on features and quality. Sellers of private label items can ...
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President Trump signed an executive order Tuesday to expand his control over “so-called independent agencies” in a bid to rein in regulatory departments — including the Federal Trade ...
The FTC was established in 1914 by the Federal Trade Commission Act, which was passed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Act , a key U.S. antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq.
It requires the label to state: The identity of the product; The name and place of business of the manufacturer, packer, or distributor; and; The net quantity of contents. The contents statement must include both metric and U.S. customary units. Passed under Lyndon B. Johnson in 1966, the law first took effect on July 1, 1967. The metric ...