Watchdog Group Sues DOL Over Fiduciary Rule Documents
The group, American Oversight, is suing Labor for not responding to its FOIA request to release “relevant documents” about its fiduciary rule.
Senate Votes to Kill CFPB Anti-Arbitration Rule
The rule is aimed at making it easier for customers to sue banks. Vice President Pence cast the tiebreaking vote.
SEC Nominees Say Fiduciary Rule Isn’t Top Priority
Meanwhile, Chairman Jay Clayton signaled at a SIFMA event that SEC’s rule would not supplant DOL’s.
Senate Preparing to Overturn CFPB Anti-Arbitration Rule
The House has already voted to void the CFPB rule, and the Senate could vote as early as today or tonight.
Lawmakers ‘Taking a Fresh Look’ at Savings Vehicles in Tax Reform
In the tax package, “you’re going to see more incentives for more Americans to save,” Ways and Means Chairman Kevin Brady said.
Treasury Department Hits Plaintiffs Lawyers Over CFPB’s Arb Rule
The Trump administration on Monday said the regulation would only put money in the pockets of plaintiffs lawyers.
PIABA Names a New President
Protecting DOL fiduciary rule and setting up an unpaid arb award pool for investors are among Andrew Stoltmann's priorities during his one-year term.
FINRA Ready to Provide ‘Technical’ Aid on Fiduciary Rule, Legal Chief Says
FINRA has a "good working relationship" with Labor and SEC and is ready to help with coordinating a rule, Chief Legal Officer Robert Colby says.
Advisor Charged With Stealing $9M From Elderly Woman’s Foundation: Enforcement
Meanwhile, a Massachusetts advisor is accused of steering clients into funds in which he had an interest.
Social Security Disability Appeals Piling Up Due to Lack of Funding: Senators
The SSDI hearing backlog has reached record high, with average wait time roughly 600 days, senators say.