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.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
2025-09-29T19:09:00Z By Adrianne Appel
Regulatory relief from anti-money laundering rules is in the cards for casinos, insurance companies and other non-bank financial institutions, the U.S. Treasury Department’s Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday.
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