FTC Free Credit Report Information

We are all consumers and consequently spenders. There is always the danger and fear of fraud and deception. It is important for us to know how we can protect ourselves from fraud so that we can take the correct decisions about how to spend the money we earn. The Federal Trade Commission is the nation's consumer protection agency. The FTC's Bureau of Consumer Protection has the interest of the consumer in mind. The bureau works for the consumer to prevent deception, unfair business practices and fraud in the market. 

It does this by a) enhancing the confidence of the consumer by putting into effect federal laws that protect the consumer, i.e. they conduct their investigations, and sue the companies or people who violate the law and empower the consumer with free information to help them see where they are being cheated. It also helps them to exercise their rights. Since the FTC gets a lot of consumer information, they advance the interest of the consumer by sharing its expertise with federal and state legislatures. They collect the complaints they get about fraud and identity theft and make them available to law enforcement agencies nationwide.

It also shares information with U.S and international government agencies. The FTC conducts workshops and conferences and through their findings develops policy and research tools. They develop rules to protect customers. Importantly, so that the public is educated on these matters, their rights and their responsibilities, they create practical educational programs in simple language.  The marketplace today is a global one and there is some new technological discovery every day. So, while on the one hand technology is making life simpler, there is also the danger of fraud. 

The Bureau has seven divisions, each with its own area of expertise: They look into advertising practices, consumer and business education, enforcement of criminal law, financial practices to protect the customer from unfair practices by financial institutions, marketing practices, in response to the Internet and telecommunications, planning and information of fraud, and at the same time helping customer get justice, and finally, privacy and identity protection. 

If you exercise your right to get a free credit report, use the National Do Not Call Registry to block telemarketing calls that are unwanted, or refer to the warranty on the products you buy, care labels on your clothes, or stickers showing the energy costs of home appliances, then you are taking advantage of the laws that the FTC's Bureau of Consumer Credit Monitoring Protection enforces.