For decades, noncompete employment agreements have prevented all sorts of workers — doctors, engineers, even hair stylists — from easily switching jobs. That may soon change after the US Federal Trade Commission approved a near-total ban on such provisions.
The U.S. Chamber of Commerce filed a lawsuit to block the Federal Trade Commission's sweeping ban on noncompete agreements, arguing the regulator overstepped its authority.
Business groups, led by a pair of Texas advocacy associations, stepped in quickly Wednesday seeking a halt to a rule issued by the Federal Trade Commission banning employers from using noncompete clauses to keep workers from going to a competitor.
A top Wall Street regulator is considering an outright ban on using derivatives to bet on US elections as part of a crackdown on so-called event contracts, according to people familiar with the plans.
The regulator voted to ban the controversial agreements that block millions of workers from going to a rival employer. Here’s what it all means for workers.
Like it or not, the Federal Trade Commission’s ban on non-competition agreements could force a change in mindset inside the companies that use them — ultimately improving their ability to hire and retain talented employees.
Wall Street traders and money managers could be in for disappointment if they’re hoping a new US ban on non-compete clauses will clear the way for them to spring into the arms of higher-paying competitors.
In a lawsuit filed in Texas federal court, the U.S. Chamber of Commerce and other organizations argue that the agency lacks the authority to issue the rule.
Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry.
If you've relied on noncompete agreements to protect your business and your business secrets, you're in for a bit of a bumpy ride: The Federal Trade Commission just voted to ban noncompete agreements for all workers.
It’s easy to understand why the US Chamber of Commerce is so upset about the Federal Trade Commission’s decision to ban noncompete agreements. The problem for businesses is not that they will lose trade secrets or valuable investments in workers to competitors.
The Federal Trade Commission has voted to ban almost all noncompete agreements between companies and their employees. The ban also applies to any existing noncompete agreements. Editor-in-Chief at Investopedia,
Employment contracts that stop free movement of labor conflict with an innovative industry’s open-source ethos, says Linda Jeng, CEO of Digital Self Labs, a Web3 advisory firm.
After the Federal Trade Commission voted to block new noncompete agreements for 30 million workers on Tuesday, business groups and the United States Chamber of Commerce have taken action. A lawsuit was filed Wednesday by the Chamber of Commerce,
The U.S. Chamber of Commerce and several other business groups sued the Federal Trade Commission over its ban of noncompete clauses. The FTC voted Tuesday to ban noncompete agreements, which prohibit employees from going to work for competitors.
The FTC has said the rule will increase worker wages, lower healthcare costs and generate thousands of new businesses each year, but business groups see it as a dangerous precedent for government micromanagement.
Two powerful business lobby groups filed suit Wednesday against the Federal Trade Commission seeking to overturn its ban on noncompete agreements just one day after it was finalized. Why it matters: The lawsuit will likely delay the ban from taking effect — or derail it entirely,
The FTC issued a rule to ban non-compete clauses for employees, according to a release from the commission on Tuesday. It first proposed the rule to get rid of the practice last y
The antitrust and consumer protection agency heard from thousands of people who said they had been harmed by noncompetes, illustrating how the agreements are "robbing people of th
Nearly one in five American workers is estimated to be subject to a non-compete clause. This often exploits the most vulnerable workers, who may either be trapped in poor-paying jobs, or forced to switch to even lower paying industries or relocate to avoid financial penalties and legal action.
The Federal Trade Commission voted 3-2 this week to ban noncompete agreements. While the FTC estimates that nearly one in five American workers is subject to a noncompete, these agreements haven’t been a huge issue in Silicon Valley,
The U.S. Federal Trade Commission voted Tuesday to adopt a near-total ban on non-compete provisions that prohibit workers from switching jobs within an industry, a rule the Chamber of Commerce
HOUSTON - In a move to boost worker mobility, the FTC bans non-compete agreements for most workers. FOX 26 Houston is now on the FOX LOCAL app available through Apple TV, Amazon FireTV, Roku, Google Android TV,
The FTC passed a potential seismic change for workers earlier this week, banning noncompete clauses. Experts who spoke to FOX 4 says the vote is just the beginning of a much larger fight.
Business groups led by the U.S. Chamber of Commerce sued the Federal Trade Commission (FTC), challenging its decision to ban noncompete agreements. The FTC voted 3-2 Tuesday to pass the rule blocking new noncompete agreements.
The U.S. Chamber of Commerce, the country's largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency's near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses.
About one in five workers — or 30 million people — are currently under a noncompete, according to the agency. "Noncompete clauses keep wages low, suppress new ideas, and rob t
Non-compete agreements may soon become non-existent for nearly all employees in the U.S. after a final rule from the Federal Trade Commission (FTC) in a 3-2 vote from commissioners.
The Federal Trade Commission's ban on noncompetes would impact the health care industry when and if it goes into effect. Some in the industry are applauding the rule, while others are voicing their dismay and vowing to sue.
Even in an at-will employment state like Arkansas, noncompete agreements are growing more popular, experts say, meaning the Federal Trade Commission's new rule to ban them will have an impact in the state,
The FTC’s ban on noncompete agreements could pose a threat to health care provider organizations that rely on those contracts to keep their top people — and create a competitive imbalance within the region.
In a narrow vote this week, the Federal Trade Commission approved a rule that will ban the vast majority of noncompete clauses by U.S. employers, which have long prevented workers from switching