By Adrianne Appel2023-01-05T22:10:00
The Federal Trade Commission (FTC) on Thursday proposed a rule that would ban new and existing noncompete clauses by employers.
Noncompete clauses are legal promises employers, ranging from hair salons to medical practices to technology, require new workers to sign, stating they will not work at a similar company for a certain period after their employment ends. The clauses stifle healthy competition, dampen wages, and raise the price of goods, the FTC stated in a press release.
The clauses are an unfair method of competition and violate Section 5 of the Federal Trade Commission Act, according to the agency.
2024-04-24T20:01:00Z By Adrianne Appel
Tens of millions of noncompete clauses included in employee contracts nationwide will be null and void by about Labor Day under a final rule issued by the Federal Trade Commission.
2023-04-28T19:22:00Z By Adrianne Appel
Mastercard said it is under investigation by the Department of Justice’s Antitrust Division regarding the company’s debit card program and competition with other payment networks and technologies.
2022-05-12T17:27:00Z By Aaron Nicodemus
Georgetown visiting law professor Alvaro Bedoya has been confirmed as a member of the Federal Trade Commission, following a Senate vote along party lines.
2025-07-26T02:15:00Z By Neil Hodge
Plans to push audit firms to disclose how they use AI in audits have been broadly welcomed, but concerns remain over how corporate data is used, secured, retained, and potentially exposed.
2025-07-25T23:17:00Z By Adrianne Appel
SEC Chair Paul Atkins is soliciting candidates for all five seats on the Public Company Accounting Oversight Board, he announced Wednesday.
2025-07-24T17:15:00Z By Ruth Prickett
The U.K. government promised to introduce Sustainability Reporting Standards in its manifesto. Almost a year after it came to power, it launched a consultation on June 25 on draft plans for these standards, which are largely based on those of the ISSB.
Site powered by Webvision Cloud