Please take one minute to stand up and be heard on the Fiduciary Rule. Please sign a letter of petition to Department of Labor Secretary Alexander Acosta urging him to delay implementation of the Fiduciary Rule exemptions. Join our campaign to extend the transition...
The last few days have seen a flurry of activity! The most recent new items are:
August 29 – Office of Management & Budget (OMB) approval of the DOL’s request for an 18-month delay to the Rule.
August 30 – DOL issued an official announcement of the delay and has given 15 days for public comment.
August 30 – DOL published Field Assistance Bulletin 2017-03 stating it won’t enforce a provision of the BICE’s arbitration ban.
The silence at the Department of Labor is LOUD. The DOL sent its request for delay to the Office of Management & Budget 12 days ago and since then we have heard nothing. But, don’t think the silence means that victory is upon us – IT IS NOT! The news of the...
The Rumors of the DOL Rule’s Death are Highly Exaggerated! The shot heard across the nation last Wednesday was the sound of a DOL proposal to delay further implementation of the fiduciary-rule exemptions until July 2019. The Department’s proposal to extend the Jan. 1 effective date for the remaining portions of the exemptions was first disclosed in documents released Wednesday in a court challenge Thrivent Financial for Lutherans v. Perez.