polewdiscounts.blogg.se

As part of its mission to protect consumers, the agency’s fraud program tracks down and stops some of the most egregious scams that prey on U.S. The FTC has expanded its focus on privacy to reflect the growing collection, use, and sharing of consumer data in the commercial marketplace, and has aggressively pursued privacy and data security cases, according to the testimony. The increase of $2.6 million over the FY2019 appropriation is for expert witnesses and IT modernization, according to the testimony.Īs the nation’s primary consumer protection agency, the FTC has a broad mandate to protect consumers from unfair or deceptive acts or practices in the marketplace, and to educate consumers and businesses about their rights and responsibilities, the testimony notes. In 2020, the FTC is requesting $312.3 million and 1,140 FTEs. In addition, Commission actions required defendants to self-administer refund programs worth more than $1.6 billion during FY 2018. Treasury, reflecting collections in both consumer protection and competition matters, the testimony states. During FY 2018, the FTC returned over $83 million in redress to consumers and deposited over $10 million into the U.S. Simons noted that the FTC’s jurisdiction includes privacy and data security, consumer fraud, mergers and acquisitions, and anticompetitive tactics by pharmaceutical and other companies. Testifying on behalf of the Commission, Chairman Joseph J.

In testimony before the Senate Appropriations Subcommittee on Financial Services and General Government, the Federal Trade Commission described its work to protect consumers and promote competition through vigorous enforcement, education, advocacy, and policy work, and by anticipating and responding to changes in the marketplace. About the FTC Show/hide About the FTC menu items.News and Events Show/hide News and Events menu items.Advice and Guidance Show/hide Advice and Guidance menu items.Competition and Consumer Protection Guidance Documents.Enforcement Show/hide Enforcement menu items.