Note: The following article is reprinted with permission from an e-newsletter published by Paul Stearns, State Representative for District 119. Licensees should be familiar with the Consumer Protection Bureau as it pertains to real estate financing and closing, but may not be familiar with the many resources available and issues addressed.
As a consumer or business person, you may be more familiar with the work of the Federal Trade Commission (FTC) than you think. The FTC deals with issues that touch the economic life of every American.
The FTC is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies. The FTC’s work is performed by the Bureaus of Consumer Protection, Competition, and Economics. That work is aided by the Office of General Counsel and seven regional offices.