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In this edition: The dream that may or may not come true under the FTC’s new rule, and TFI International wants heavier freight. The post Check Call: Hope for a ban on noncompetes heads to court appeared first on FreightWaves.
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, because they’re not enforceable in California. This has arguably been one of the region’s competitive advantages, as it allows employees to start something new without worrying (in most cases) that they’ll have to spend the next few years battling their old employer in court.
The Biden administration has issued a nationwide ban on the ability of employers to make their workers sign noncompete agreements, a move regulators said would help boost employee pay but which is set to be challenged in court by business groups.
Along with a proposal to ban junk fees that "plague" consumers, the CFPB is also refunding $140 million to Americans who faced surprise banking fees.
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