FTC Chairman Ferguson Issues Noncompete Warning Letter to Mortgage Connect
Summary: Ferguson sent a warning letter to national mortgage services provider Mortgage Connect urging the company to conduct a comprehensive review of its employment contracts—including any noncompete agreements or other restrictive covenants—to ensure they are appropriately tailored and comply with the law.The letter responds to material made public in …
Why it matters: This matters if it changes how teams think about model governance, safety work, monitoring, or regulatory exposure around deployed AI systems.
What to watch: Watch for follow-on technical guidance, deployment constraints, evaluation details, or signs that the announcement changes actual production practice rather than just policy language.