Wealth Management

ABA Welcomes OCC Regulatory Adjustment Proposal

ABA on Thursday welcomed a proposal from the OCC that would make several regulatory adjustments as part of its efforts under the Economic Growth and Regulatory Paperwork Reduction Act to reduce unnecessarily burdensome or outdated banking rules.

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Final Fiduciary Rule Includes ABA-Advocated Revisions

The Labor Department’s final rule redefining who counts as a fiduciary under the Employee Retirement Income Security Act and Internal Revenue Code was released today and includes a number of revisions from its initial proposal, several of which were advocated by ABA.

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OCC Issues Proposal on EGRPRA-Related Reg Changes

The OCC today issued a proposal that would make several regulatory adjustments as part of its efforts under the Economic Growth and Regulatory Paperwork Reduction Act to reduce unnecessarily burdensome or outdated banking rules.

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Of Ubers, Tech Users and Elder Abusers

As technology evolves, state-level stalwarts such as elder financial abuse and foreclosure are now sharing the legislative spotlight with novel issues generated from the success of Airbnb, Uber and other “sharing economy” firms.

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Op-Ed: Congress Must Stand Up to Fiduciary Proposal

In a joint op-ed with several trade group CEOs today, ABA President and CEO Rob Nichols voiced his opposition to the Department of Labor’s proposal to redefine who counts as a fiduciary under the Employee Retirement Income Security Act.

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House Panel Passes Bills to Stop Fiduciary Rule

By vote margins of 22 to 14, the House Education and Workforce Committee approved two bills that would provide alternatives to the Labor Department’s rule redefining who counts as a fiduciary under the Employee Retirement Income Security Act.

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