September 26, 2007 - Federal Trade Commission
That tag on your t-shirt does more than just scratch the back of your neck. It is there because of a federal agency, the Federal Trade Commission. On September 26, 1914, President Woodrow Wilson signed into law the Federal Trade Commission Act. This created the Federal Trade Commission whose "mission is to protect consumers from fraudulent or deceptive claims that mislead consumers, and from harmful business practices that undermine the competitive process." The FTC investigates and prosecutes hundreds of cases each year, from telemarketing to apparal companies.