FEDERAL TRADE COMMISSION (FTC)
\fˈɛdəɹə͡l tɹˈe͡ɪd kəmˈɪʃən ˌɛftˌiːsˈiː], \fˈɛdəɹəl tɹˈeɪd kəmˈɪʃən ˌɛftˌiːsˈiː], \f_ˈɛ_d_ə_ɹ_əl t_ɹ_ˈeɪ_d k_ə_m_ˈɪ_ʃ_ə_n__ ˌɛ_f_t_ˌiː_s_ˈiː]\
Definitions of FEDERAL TRADE COMMISSION (FTC)
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A federal government agency established to regulate business practices and enforce antitrust laws. The FTC often shows up in the news when big businesses merge, but it also plays a role in protecting consumers from unfair business practices, including actions by collection agencies and credit bureaus. While the FTC generally does not have authority to intervene in individual consumer disputes, the FTC can take action against a company about which it has received numerous consumer complaints.
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