Wall Street Urges Court to Halt Non-Compete Rule, but FTC has Notable Allies

Also, limits on Freddie second-mortgage plan quell critics

When Lina Khan’s FTC proposed to nix non-compete clauses last year, financial firms moved tentatively, not wanting to stir up trouble with their own employees – many of whom favored the ban. Now that the rule is facing a legal challenge, however, the Wall Street lobby is unabashedly joining the fight to take it down. 

Two of the major lawsuits seeking to…