Established in 1914, the Federal Trade Commission is an independent regulatory agency in the United States. Its primary role is to create fair and competitive trade in the United States. Originally established under the administration of President Wilson, the FTC was created to protect the public and businesses from unfair commercial trade and to formulate a strong and trustworthy relationship between consumers and businesses. Members of the Federal Trade Commission are appointed by the President and authorized by the Senate. Generally, the FTC consists of five appointed members who are sworn in for seven-year terms. However; the current structure of the FTC has only four appointed members: a president and three commissioners. Currently, the FTC has a vacant commissioner position (FTC.gov, 2014). The FTC's current organizational chart is structured as follows: Edith Ramirez (President), Julie Brill (Commissioner), Maureen Ohlhausen (Commissioner), and Joshua D. Wright (Commissioner) The Federal Trade Commission is also composed of various offices, each built focus on different areas of regulation and regulation. The Federal Trade Commission is made up of three bureaus and ten bureaus. Each office is intended to focus on a specific area to ensure that fair trade is practiced in the country. The Bureau of Competition seeks to eliminate anticompetitive business practices through antitrust laws, ensuring that consumers receive goods and services at prices appropriate to their qualities. The Bureau of Consumer Protection seeks to protect consumers from unfair and fraudulent practices. Additionally, the bureau investigates individual companies and corporations to ensure that no fraudulent activity is in jeopardy… half of the paper… also finds information on the FTC website to repair their identity. Other areas the FTC works on are preventing Internet scams soliciting winnings, incredibly low-cost offers, unwanted emails and phone calls from telemarketers, and email hacking. The Federal Trade Commission regularly publishes tips and guidelines that consumers can benefit from, including ways to repair a credit score without falling for scams, paying an appropriate price for product quality, and many other areas the public can benefit from at no cost. The Commission also publishes articles that can help consumers avoid becoming victims of the weight loss industry and the various ways they can use to understand whether the claims made by companies are legitimate. The public can access this and other types of information through the Federal Trade Commission's website at www.ftc.gov.
tags