Posts Tagged ‘congress’
Modernizing financial regulatory systems is one of the most important steps the Trump Administration can take to promote economic growth, opportunity and investment, the Financial Services Roundtable (FSR) said in reaction to an executive order the Administration released today.
FSR today called on the presidential candidates to detail their plans on how they will increase transparency, modernize, and better coordinate the financial regulatory process.
FSR today joined a broad spectrum of financial services trade associations urging the U.S. House of Representatives to use its authority and disapprove of the Department of Labor’s (DoL) recently released fiduciary rule that could impact the ability of many Americans to save for retirement.
This month the U.S. Department of Labor released its controversial “fiduciary rule” which impacts the sale of retirement income products, such as an Individual Retirement Account (IRA), and is intended to ensure the product purchased is in the customer’s best interest. The rule is 1,023 pages and will dramatically reshape the delivery of retirement account advice and services in short order.