The Federal Trade Commission (FTC) was formed in 1914 to act against trusts. The FTC’s mission is to protect the consumer and to ensure fair business practices. The FTC has on its website and printed materials a backronym of the initials FTC—“For The Consumer.” Some FTC critics have believed that the Commission has worked too closely with businesses and has not protected the consumer.
The FTC nickname of “Fuck The Consumer” has been cited in print since at least 2008, but has been infrequently used. The FTC nickname “Forget The Consumer” has been cited in print since at least 1989, but also has been infrequently used.
Wikipedia: Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of consumer protection and the elimination and prevention of what regulators perceive to be harmfully anti-competitive business practices, such as coercive monopoly. Many critics state that though the mission is in fact sound, the actions of the FTC are coercive and actually increase regulators that are harmful to consumers and business.
The Federal Trade Commission Act was one of President Wilson’s major acts against trusts. Trusts and trust-busting were significant political concerns during the Progressive Era. Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq. Over time, the FTC has been delegated the enforcement of additional business regulation statutes and has promulgated a number of regulations (codified in Title 16 of the Code of Federal Regulations).
Federal Trade Commission
Welcome to the Bureau of Consumer Protection
Who We Are
The Federal Trade Commission is the nation’s consumer protection agency. The FTC’s Bureau of Consumer Protection works For The Consumer to prevent fraud, deception, and unfair business practices in the marketplace.
The Googlization of Everything
Jardinero1 on January 3, 2008 11:10 PM:
I have come to understand that FTC now stands for Fuck The Consumer.
nomolos July 10th, 2008 at 4:31 am 20
WASHINGTON — The Federal Trade Commission indicated Wednesday that it would leave it to data-mining Web companies and Internet marketers to decide how best to protect users’ privacy.
Waccamaw July 10th, 2008 at 4:42 am 23
In response to solai @ 21
And decidedly better than “fuck the consumer!”
Posted: Tue May 12, 2009 12:52 am
Originally posted by kushal_one:
Its time FTC lives up to its backronym “For the consumer”
And here I thought it was “fuck the consumer”.
New York City • Government/Law/Politics • (0) Comments • Sunday, May 08, 2011 • Permalink