ABA Supports DOL’s Re-Proposed Fiduciary Rule, Recommends Adjustments

ABA today welcomed the Department of Labor’s long-awaited re-proposal to regulate investment advice fiduciaries under the Employee Retirement Income Security ...

ABA Urges DOL to Withdraw Proposal Limiting ESG Investment

Newsbytes

July 31, 2020

The American Bankers Association this week urged the Department of Labor to withdraw a proposal that would limit pension fiduciaries’ ...

DOL Proposes Rule on ESG Investing in Pension Plans

Newsbytes

July 1, 2020

With interest around sustainable investing—sometimes referred to as environmental, social and governance (or ESG) investing—on the rise, the Department of ...

Labor Department Re-Proposes Fiduciary Rule, Proposes Class Exemption

Newsbytes

June 29, 2020

The Department of Labor today issued its long-awaited re-proposal to regulate investment advice fiduciaries under the Employee Retirement Income Security ...

CFPB Study Examines Trends in Retiree Spending Levels

Newsbytes

May 27, 2020

A new study by the Consumer Financial Protection Bureau today found that just over half of retired Americans who retired ...

DOL Finalizes Rule Expanding Use of Electronic Delivery for Plan Documents

Newsbytes

May 21, 2020

As the American Bankers Association has long advocated, the Department of Labor today issued its final rule to modernize retirement ...

Fed Survey: Amid Pandemic, Americans Remain Able to Cover Emergency Expenses

Community Banking

May 14, 2020

One in five adults employed in February had been furloughed or laid off by April, according to the Federal Reserve’s ...

ABA, Groups Call for Legislative Action on Retirement Plans Due to Coronavirus

Newsbytes

March 23, 2020

Acknowledging the challenges currently facing American workers and retirees as the coronavirus pandemic continues, ABA joined two dozen other trade ...