A major step in regulating "unfair or deceptive business acts and practices" was the enactment of the ________ in 1938.

Question

Quizplus · Accepted Answer

The Wheeler-Lea Act was enacted in 1938 and empowered the Federal Trade Commission (FTC) to regulate 'unfair or deceptive business acts and practices.' The act broadened the FTC's enforcement powers, which previously only included preventing unfair competition among businesses.

A Major Step in Regulating "Unfair or Deceptive Business Acts