Friday, November 22, 2013

U.S Government Resources For Protecting Consumers

1. The Federal Trade Commission (FTC)

The FTC is a United States government Federal agency whose mission is to prevent business practices that are anticompetitive, deceptive, or unfair to consumers. Click here to access FTC website

2. The United States Department Of Education

The United States Department of Education is a government agency whose mission is to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access.

This is done through;

  • Establishing policies on federal financial aid for education, and distributing as well as monitoring those funds.
  • Collecting data on America's schools and disseminating research.
  • Focusing national attention on key educational issues.
  • Prohibiting discrimination and ensuring equal access to education.

Federal Student Aid is part of United States Department Of Education responsible for managing the student financial assistance programs also known as FAFSA authorized under Title IV of the Higher Education Act of 1965. These programs provide grants, loans, and work-study funds to students attending college or career school.

The United States Patent and Trademark Office (USPTO) is the federal agency for granting United States patents and registering trademarks. The USPTO fulfills the mandate of Article I, Section 8, Clause 8, of the Constitution that the legislative branch "promote the progress of science and the useful arts by securing for limited times to inventors the exclusive right to their respective discoveries." The USPTO registers trademarks based on the commerce clause of the Constitution (Article I, Section 8, Clause 3).

The mission of the United States Department Of Justice is to enforce the law and defend the interests of the United States according to the law. The mission of United States Department of Justice include; 
  • Ensuring public safety against threats either foreign or domestic
  • Providing federal leadership to prevent and control crime
  • To seek just punishment for those guilty of unlawful behavior
  • To ensure fair and impartial administration of justice for all Americans  

The SEC mission is to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation. 
Under the Securities Act of 1933, the SEC has a legal obligation to require investors receive financial and any other significant information concerning securities being offered for public sale. The SEC also has a legal obligation to prohibit deceit, misrepresentations and fraud in the sale of securities

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