Bloomberg Law
April 21, 2022, 10:00 AM

Employers Face CFPB Scrutiny Over Job Training Repayment Demands

Evan Weinberger
Evan Weinberger
Rebecca Rainey
Rebecca Rainey
Senior Reporter

The Biden administration plans to crack down on employer-mandated training repayment agreements that can saddle workers with thousands of dollars in debt when they leave jobs.

Employment contracts that require workers to remain at a company for a certain time period or shoulder the cost of their job training are increasingly being viewed as predatory and anti-competitive by the Consumer Financial Protection Bureau and other agencies.

The increased attention is part of broader push to boost competition in the labor market following President Joe Biden’s July 2021 executive order directing federal agencies to promote a “fair, open marketplace.”

Employers face ...

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