Glossary: Federal Trade Commission (FTC)

created in 1914 to prevent unfair methods of competition in commerce. The FTC now has greater authority to police anticompetitive practices. In 1938, Congress passed a broad prohibition against “unfair and deceptive acts or practices.” Since then, FTC also has been directed to administer a wide variety of other consumer protection laws. In 1975, Congress gave the FTC the authority to adopt industry-wide trade regulation rules. FTC’s jurisdiction includes issuing guidance to prevent deceptive environmental marketing claims, which has been issued in the form of the FTC’s Guides for the Use of Environmental Marketing Claims or “Green Guides.”