Explore the Federal Trade Commission site and the informatio
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Post University *
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Course
205
Subject
Information Systems
Date
Dec 6, 2023
Type
docx
Pages
1
Uploaded by tanyamk11
FTC is a very informative website, I found it very interesting to learn the history and more about
what their missions are. FTC is considered the police for the country’s marketplace. FTC is a
government agency that helps the marketplace run functionally. The FTC is responsible for
keeping everything in order in our commerce and labor. We need this Department to oversee
these areas to overs any unethical decisions that may occur. The FTC is there
to punish those who may have disrupted the order and guidelines put in place before them. Their
missions include creating plan language educatioal programs for consumers and businesses,
pursuing effective law enforcement against deceptive business practes and more. I feel like these
are very important to have.
Protecting Americans at the gas pump through aggressive antitrust enforcement:
FTC is committed to policing gasoline and diesel markets to protect the American public against illegal acts due
to the recent high prices at the pump. The FTC is committed to policing unfair methods of competition in
wholesale and gasoline/ diesel sales. Chair Klen sent a letter stating how the FTC will proceed with the
gasoline markets. First, the FTC will examine potential price coordination and other collusive practices in retail
fuel. The FTC will move against mergers that create harmful pricing behavior to do this. They want to make
them aware that the potential behavior may violate the antitrust laws. Next, the Competition Bureau plans to
seek more demanding relief to remedy illegal fuel station mergers. Then, the staff and the Bureau will work
hand in hand with FTC specialists in Franchise Rules to examine if any practices by merging parties violate the
Franchise Rule. Also, any provisions of the FTC Act protect small businesses from unlawful conduct. FTC's
primary mission is to lower the prices of gasoline and diesel. I believe that this would be amazing. Everything in
prices has been crazy expensive, it has made it hard to survive for a lot of people.
The revision to the Safeguards Rule occurred on June 9, 2023. The rule requires non-banking financial
institutions to develop, deploy, and maintain a comprehensive security program to protect customer financial
data. Due to the growing numbers of data breaches and security breaches evolving drastically, they revised
including planning and how to take action when addressing reasonably foreseeable internal and external risks.
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