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Federal Trade Commission Essay

560 Words3 Pages

Federal Trade Commission
The federal trade commission was created in 1914. It was established for the purpose of antitrust and consumer production. It was also established in order to break up trust and prevent unfair methods of trade. The government has created different acts in order to greater expand the control of business to consumers. Some of the acts passed that are still in place are Telemarketing and Equal Credit Opportunity. In 1975, Congress gave the Federal Trade Commision the ability to regulate trade on large industries. The Federal Trade Commission is protect consumers from malpractice by business. The goal of the Federal Trade Commission is to teach consumers the purpose of business competition and how they can benefit from this competition. The Federal Trade Commission while it has consumer protection it also has jurisdiction over competition which allows insight on how to protect the …show more content…

The goal for the Better Business Bureau is for marketplace trust between consumers, business, and the government. When created it was made for business to be able to self regulate for themselves while having good ethics. The main purpose of the Better Business Bureau is to make sure positive and the best business ethics are occurring. There are many programs within the Better Business Bureau some of them are: ASRC, WGA, and BBBI. The ASRC or Advertising Self-Regulation Council is to create policies for advertising for businesses. This program holds all advertising business for all of their practices and that they must uphold whatever they are saying they have or are going to offer. WGA or Wise Giving Alliance tells of how to be donors and while giving how to go about it and be safe and smart with where the money is going. BBI or BBB Institute for Marketplace Trust is a council that helps educate the public on how to be aware of fraud and scams. The largest goal of the BBI is to advance trust amongst the

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