The FTC extended the comment period on a proposed rule banning employers from subjecting their employees to noncompete clauses. The extension is from March 20 until April 19, 2023.
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House Republicans criticized the FTC rulemaking proposal to ban noncompete clauses, asserting that the proposal "exceeds its delegated authority and imposes a top-down, one-size-fits-all approach that violates basic American principles of federalism and free markets."
An online credit management company agreed to pay $3,000,000 to settle FTC charges for misrepresentations made in marketing third-party financial products to consumers.
The CFPB reminded companies to comply with federal consumer financial protection laws when offering "negative option" programs or subscription services.
FTC proposed the "Non-Compete Clause Rule," which would prohibit employers from (i) entering into, or attempting to enter into a non-compete clause and (ii) representing to employees that they are subject to a non-compete clause.