- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-03-11T18:58:00
The appointments of two new commissioners on the Federal Trade Commission (FTC) were confirmed Friday, with the Democratic-led agency welcoming Republicans Andrew Ferguson and Melissa Holyoak.
FTC Chair Lina Khan congratulated Ferguson and Holyoak on their respective confirmations, saying in a press release she looked forward to working with them to “vigorously protect Americans from unfair methods of competition and unfair and deceptive business practices.”
Commissioner Rebecca Kelly Slaughter was also confirmed to a second term.
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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.
The Federal Trade Commission is amid a crackdown on businesses misusing browsing and location data that provide enough information to be used to identify nonconsenting consumers.
The Department of Justice and Federal Trade Commission updated language contained in standard preservation letters regarding the maintaining of business communications made via collaboration tools and ephemeral messaging apps.
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
