Chapter 48 - The federal trade commission act and consumer protection laws. After reading the material in this chapter, you should be able to: Describe the powers granted to the FTC and the key features of an adjudicative hearing, identify and explain the elements of the deception and unfairness tests employed by the FTC, explain the FTC’s implementation of many consumer protection laws. | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 11 Administrative Law The Federal Trade Commission Act and Consumer Protection Laws Antitrust: The Sherman Act The Clayton Act, The Robinson-Patman Act, and Antitrust Exemptions and Immunities Employment Law Environmental Regulation Regulation of Business P A R T The Federal Trade Commission Act and Consumer Protection Laws P A E T R H C 48 The most exciting thing happening in business is the rise of vigilante consumers. Anita Roddick, Founder, The Body Shop Marketing Week (Feb. 24, 2000) Learning Objectives Describe the powers granted to the FTC and the key features of an adjudicative hearing Identify and explain the elements of the deception and unfairness tests employed by the FTC Explain the FTC’s implementation of many consumer protection laws Federal Trade Commission Act of 1914 enabled creation of the Federal Trade Commission (FTC) as an independent agency FTC’s principal missions . | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 11 Administrative Law The Federal Trade Commission Act and Consumer Protection Laws Antitrust: The Sherman Act The Clayton Act, The Robinson-Patman Act, and Antitrust Exemptions and Immunities Employment Law Environmental Regulation Regulation of Business P A R T The Federal Trade Commission Act and Consumer Protection Laws P A E T R H C 48 The most exciting thing happening in business is the rise of vigilante consumers. Anita Roddick, Founder, The Body Shop Marketing Week (Feb. 24, 2000) Learning Objectives Describe the powers granted to the FTC and the key features of an adjudicative hearing Identify and explain the elements of the deception and unfairness tests employed by the FTC Explain the FTC’s implementation of many consumer protection laws Federal Trade Commission Act of 1914 enabled creation of the Federal Trade Commission (FTC) as an independent agency FTC’s principal missions are to keep the . economy both free and fair FTC enforcement devices: issuing trade regulation rules, facilitating voluntary compliance, and adjudicative proceedings The FTC FTC trade regulation rules have the force of law and FTC can proceed directly against those who engage in prohibited practices FTC gathers evidence about possible violations from private parties, government entities, and FTC investigations FTC promotes voluntary compliance with best practices and regulations by issuing advisory opinions and industry guides FTC Trade Regulation Rules FTC can proceed by: Adjudicative proceeding Civil penalty up to $10,000 for each knowing violation of a rule Court proceedings to obtain consumer remedies, such as damages, refund of money, return of property, or the reformation or rescission of contracts Advisory opinion: commission’s response to a private party’s inquiry about the legality of a proposed business action Industry guides: FTC interpretations of the laws it .
