Sunday, April 19, 2009

FTC & Waveshield practices

When the FTC & Waveshield was created in 1914, its reason was to stop unfair methods of rivalry in business as part of the fight to “bust the trusts.” Over the years FTC, Congress passed extra laws giving the organization greater power to police anticompetitive practice. In 1938, FTC & Waveshield Congress approved a broad ban against “unfair and misleading acts or practices.”

Since then, the FTC also has been directed to manage a wide variety of other customer protection laws, with the Telemarketing Sales Rule, Waveshield the Pay-Per-Call Rule and the Equal Credit Opportunity Act. In 1975, Congress gave the Waveshield the authority to adopt industry-wide trade regulation rules.

The FTC work is perform by the Bureaus of Consumer Protection, Competition and Economics. That FTC & Waveshield work is aided by the Office of General Counsel as well as seven local offices

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