Chamber of Commerce Raises Concerns With DOL Fiduciary Redraft
Top execs at U.S. Chamber of Commerce lay out their concerns about new rules affecting prohibited transaction exemptions, rollovers and IRAs.
Ex-Gov. Pawlenty: White House Fiduciary Memo ‘Overly Broad’
The leaked memo was “overly broad in condemning the industry and fairly conclusory without citing a lot of specifics,” FSR's Pawlenty says.
White House Memo Offers a Peek at DOL Fiduciary Strategy
Two top Obama economic advisors write in an internal memo that DOL should tighten broker rules; they share some details from the long-awaited fiduciary redraft.
GOP to Warren: That Dodd-Frank Rollback Was Just the Appetizer
The Republican sponsor of a measure easing a bank regulation is planning to pick new fights in 2015.
DOL Fiduciary Survey ‘Bogus,’ Advocate Warns Lawmakers
Foes of a revised DOL fiduciary rule are using a survey showing a harmful impact to win senators to their side, an industry official says.
DOL Fiduciary Redraft Opposed by 90% of FSI Advisors: FSI Poll
Advisors say the DOL should not redefine fiduciary under ERISA, according to an FSI poll. Most advisors also think the GOP will win the Senate.
White House Getting Involved With DOL Fiduciary Redraft
The White House’s National Economic Council will be performing “industry outreach” regarding the DOL's fiduciary redraft, according to industry officials.
Fed Governor Stein Resigns to Return to Teaching at Harvard
Jeremy Stein is a known as a thought leader on the linkage between monetary policy and financial stability.
Obama’s Budget Drops Plan to Limit Social Security Increases
The so-called chained-CPI formula was part of a bid by the president to engage in deficit-reduction negotiations with Republicans.
GOP Jumps on Minimum Wage Job-Loss Report
The CBO report said boosting the minimum wage may cost as many as 500,000 people their jobs.