Page 3 - Ftc Act News Today

Federal Trade Commission issued proposed rule prohibit employers from using noncompete agreements with their employees or independent contractors. This proposal arises from preliminary finding by FTC that noncompetes constitute an unfair method of competition in violation of FTC act.

Federal Trade Commission FTC released a sweeping notice of proposed rulemaking NPRM, aimed at barring the use of noncompete agreements by deeming those covenants to be an unfair method of competition in violation of Section 5 of the Federal Trade Commission Act FTC Act.

FTC ordered three companies, Prudential Security, O-I Glass Inc., and Ardagh Group SA, strike allegedly illegal noncompete agreements finding that the use of noncompete agreements by these firms constituted an unfair method of competition and violated Section 5 of the FTC Act.

Federal Trade Commission FTC issued complaints against three employers alleging they unlawfully imposed non-competition restrictions on employees, including low-wage workers, that barred them from seeking or accepting post-termination employment with competing business.

FTC provided additional guidance for mobile health app developers signaling its continued interest and focus on companies that collect health information but may not be a covered entity or business associate under HIPAA. The FTC will likely increase expectations of compliance.

Federal Trade Commission FTC released Policy Statement Regarding the Scope of Unfair Methods of Competition Under Section 5 of Federal Trade Commission Act. Expands scope of FTC considers unfair methods of competition prohibited under Section 5 of Federal Trade Commission Act.

Federal Trade Commission release policy statement on authority to police unfair methods of competition. This authority derived from Section 5 of the FTC Act is often referred to as standalone authority.

FTC and California Department of Financial Protection DFPI sued several companies and owners for allegedly operating illegal mortgage relief operation. Violated California Consumer Financial Protection Law CCFPL, the FTC Act, the FTC’s Mortgage Assistance Relief Services Rule.

Commissioner Alvaro Bedoya of Federal Trade Commission FTC delivered speech entitled Returning to Fairness, challenging basic tenets of antitrust law and enforcement. Purpose of antitrust laws to protect competition rather than competitors in effort maximize consumer welfare

Federal Trade Commission submitted updated abstract to Office of Information and Regulatory Affairs, may be considering Section 18 FTC Act rulemaking to curb lax security practices, limit privacy abuses, ensure algorithmic decision-making does not result in discrimination.