In a letter today to Labor Secretary Alexander Acosta, a group of more than 100 Republican lawmakers called for a delay to the fiduciary rule, which expands the definition of “fiduciary” under the Employee Retirement Income Security Act and the Internal Revenue Code.
Browsing: Fiduciary rule
The CEOs of nine financial trade associations, including ABA, wrote to newly confirmed Secretary of Labor Alexander Acosta today requesting a meeting on the Department of Labor’s fiduciary rule.
ABA’s Bank Insurance Council wrote to the Department of Labor on Monday seeking clarifications and changes to its fiduciary rule affecting banks that sell insurance.
ABA’s Wayne Abernathy and Shaun Kern provide perspective on the flurry of White House actions thus far.
ABA today called for a longer delay of the Department of Labor’s fiduciary rule effective date and an updated economic and legal analysis of the final rule.
The Department of Labor is proposing to extend the applicability deadline of the fiduciary rule for 60 days, until June 7, according to a notice published in the Federal Register.
A judge in the U.S. District court for the Northern District of Texas ruled yesterday that the Department of Labor acted within its statutory authority in issuing the fiduciary rule last year, which greatly expanded the definition of “fiduciary” under the Employee Retirement Income Security Act and the Internal Revenue Code.
President Trump today issued two orders to reevaluate several provisions of the Dodd-Frank Act and the Department of Labor’s controversial fiduciary rule.
The Labor Department today released a second set of frequently asked questions on its final rule redefining who counts as a fiduciary under the Employee Retirement Income Security Act and Internal Revenue Code.
Following a meeting last month with bankers, ABA staff, the Department of Labor and the Internal Revenue Service, ABA today filed additional comments on DOL’s proposed updates to Form 5500 (Annual Return/Report of Employee Benefit Plan).