The FTC is a large government agency that employs investigators, attorneys, and administrative law judges. It is headed by five Commissioners who serve 7-year terms after being nominated by the President and confirmed by the U.S. Senate.

By judicial precedent (prior court decisions), statutes, and regulations, the FTC’s authority to act on behalf of consumers against you is extremely broad. Responsible for enforcement and administrative duties under 46 statutes, here are a few of the major laws that the FTC relies upon.

* Federal Trade Commission Act

* Consumer Leasing Act

* Electronic Funds Transfer Act

* Equal Credit Opportunity Act

* Fair Credit Billing Act

* Fair Credit Reporting Act

* Fair Debt Collection Practices Act

* Magnuson-Moss Warranty Act

* Truth in Lending Act

* CAN-SPAM Act

About the Author

With an advanced international law degree from Georgetown University and more than 14 years of real world legal experience, Attorney Mike Young shows entrepreneurs how to protect and grow their businesses online. He's the author of "Internet Marketing Legal Secrets Revealed," "How to Create Your Own Internet Business Without a Lawyer for Under $175," and the creator of Website Legal Forms Generator^TM. Not just a lawyer who focuses exclusively on Internet and marketing law, Mike’s been working with computers for more than 27 years (his first computer was an Atari 400 with 8 KiB RAM) and started representing Internet businesses back in 1996.