The Federal Housing Finance Agency extended the comment period on its request for information on how to improve service to borrowers with limited English proficiency, after advocacy by the American Bankers Association and other financial trade associations. The groups requested an extension of the comment period given the complexity of the issue and the need for diverse participation by lenders of all sizes. Comments will now be due July 31.
Federal Trade Commission bans noncompete clauses
The Federal Trade Commission finalized a new rule to ban the use of noncompete clauses in employee contracts.