Mortgage Connect gets noncompete warning from US FTC Chairman Ferguson
( May 8, 2026, 15:38 GMT | Official Statement) -- MLex Summary: US Federal Trade Commission Chairman Andrew Ferguson sent a warning letter to national mortgage services provider Mortgage Connect in connection with a lawsuit in which Mortgage Connect seeks to enforce a noncompete agreement against a former worker and the competitor who hired her, saying the company should conduct a comprehensive review of its employment contracts to ensure they are appropriately tailored and comply with the law. "Information in the lawsuit appears to show that Mortgage Connect may have used unjustifiable noncompete agreements in employment contracts, with potential adverse effects on workers," the FTC said in a statement, citing Ferguson's letter. The Chairman's letter demonstrates the FTC's commitment to actively investigate potential anticompetitive noncompete agreements and bring enforcement actions, the statement said.Statement follows below: ...
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