Which commission regulates unfair methods of competition and fraud in advertising?

The Federal Trade Commission (FTC) is the agency responsible for regulating unfair methods of competition and fraud in advertising. Established in 1914, the FTC promotes consumer protection and prevents anticompetitive business practices by enforcing laws that prohibit deceptive or misleading advertising. This includes reviewing marketing practices and ensuring that businesses do not misrepresent their products or services, thereby safeguarding consumers from exploitation.

The other organizations mentioned serve different roles: the Federal Reserve Commission primarily deals with monetary policy and banking regulations, the Federal Aviation Administration focuses on the safety of civil aviation, and the Federal Communications Commission regulates interstate and international communications by radio, television, wire, satellite, and cable. Each of these agencies has a distinct function that does not include the regulation of advertising or competition.