Actual damages are the only damages that may be recovered for violations of the federal trade commission (ftc) act.
The Federal Trade Commission Act of 1914 was a federal statute of the United States that established the Federal Trade Commission. The Act, signed into law by US President Woodrow Wilson in 1914, prohibits unfair competition and unfair acts or practices affecting business.
President Wilson strengthened the agency by enacting the Federal Trade Commissions Act and the Clayton Antitrust Act in 1913.
The Federal Trade Commission Act was enacted to change the commercial world. Congress passed the act in the intention of safeguarding consumers from deceptive advertising practices and forcing businesses to be upfront and transparent about the products they sell.
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