Lawmakers Grill DOL’s Solis on Fiduciary Duty Redraft
At a House hearing, lawmakers took Labor Secretary Hilda Solis to task Wednesday over how the DOL’s recrafting of its fiduciary rule is progressing—specifically on the timing of the re-proposed rule and the rule’s inclusion of IRAs.
House GOP Presses DOL’s Solis on Fiduciary Re-Proposal Rule
Fifty-five House Republicans, led by Rep. Judy Biggert, R-Ill., sent a letter to Department of Labor on Monday detailing what criteria should be met when the DOL re-proposes its rule amending the definition of fiduciary under ERISA early next year.
Inspectors General of Treasury, Fed, Release Report to Rep. Spencer Bachus on CFPB
The Inspectors General of the Treasury Department and the Federal Reserve Board have delivered a 34-page report to Rep. Spencer Bachus, R-Ala., and Rep. Judy Biggert, R-Ill., regarding the Treasury Department’s activities in establishing the CFPB.