Federal Trade Commission Act
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The Federal Trade Commission Act of 1914 established the Federal Trade Commission, a bipartisan body of five members appointed by the President of the United States for seven year terms. This Commission was authorized to issue Cease and Desist orders to large corporations. The agency was created during the presidency of Woodrow Wilson and was part of the Progressive Era reforms. Protects consumers and almost all businesses. This was made into law by the former president Woodrow Wilson. This enforces federal consumer protection laws that prevent fraud, deception, and unfair business practices. Also enforces federal antitrusts laws that prohibit anticompetietive mergers and other business practices that restrict competition and harm consumers. Helps with identity theft in our time and give us better information on credit scores.
