FTC releases strategic and performance plans

Federal Issues FTC Underserved Consumer Finance

On August 26, the FTC announced the publication of its FY 2022-2026 Strategic Plan and its FY 2021-2023 Performance Report and Performance Plan as required under the GPRA Modernization Act of 2010. According to the FTC, the 2022-2026 Strategic Plan “sets the FTC’s priorities over the next five years and will serve as the foundation for annual performance reporting.” One of the FTC’s goals includes “protect[ing] the public from unfair methods of competition in the marketplace.” The FTC also noted that feedback was accepted during a public comment period, and “[t]he new plan keeps the same three-goal structure of the previous plan, while making numerous improvements. For example, two new objectives ensure that the work of the agency benefits all Americans, including those who live in historically underserved communities.”