#noncompete

#noncompete

Late last week, the Federal Trade Commission (FTC) announced that the agency was acceding to decisions by U.S. regional circuit courts vacating the agency's Biden Administration-era rule banning noncompete clauses from U.S. employment contracts and preventing their enforcement. While some lawmakers have decried the decision to end this rule, the FTC also issued a request for information (RFI) as the Trump Administration seeks to develop a case-by-case enforcement approach for cracking down on noncompete abuses.

Numan said he's pleased with the decision, noting that the noncompete provisions in this case are not fair to the loan officers, because at the end of the day, they're just trying to make a living for themselves and their families. They should be allowed to make a living and not be handcuffed just because Rocket doesn't want someone to be a broker, Numan said in an interview. There's no confidential information being used or taken, nor any past client information, in this case.