What two federal government agencies are tasked with and take the lead in protecting the consumer and enforcing federal rules breanly

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29-04-2022
Business

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What two federal government agencies are tasked with and take the lead in protecting the consumer and enforcing federal rules breanly

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VidyaaTech2022 VidyaaTech2022 · Answer 1 · 2022-05-05T22:57:49+02:00

The Federal Trade Commission has two agencies where one bureau called as Bureau of Consumer protection and another bureau is called as Bureau of Competition, which is entrusted with protecting consumers and implementing the federal rules.

What is FTC?

FTC stands for Federal Trade Commission which is an independent authority established in the US country. Its main aim is to safeguard the consumers and initiates healthy competition in the market.

The Bureau of Consumer Protection (BCP) is accountable for providing safeguards to consumers from any kind of fraudulent and unfair trade practices. The Bureau of Competition (BC) is responsible for creating healthy competition between industries working in the market.

Therefore, FTC has tasks of consumer protection and enforcement of rules which are fulfilled by their two agencies.

Learn more about the FTC in the specified link:

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