The Trump administration Department of Labor wants a time out from ongoing lawsuits to decide how to deal with the controversial Retirement Security Rule.
Analysts say the Trump administration will be mostly good news for financial services.
Despite nominating a moderate to head the Department of Labor, President-elect Donald Trump isn’t likely to be passionate about keeping the latest fiduciary rule around, analysts say.
The government is appealing a stay of its Retirement Security Rule.
The Office of the Solicitor General has not decided whether to appeal a stay freezing the Department of Labor’s latest attempt to expand fiduciary duty.
A second federal judge granted a stay of the effective date Friday halting the Department of Labor’s Retirement Security Rule until the full case can be heard.
The Department of Labor stands behind its latest fiduciary rule version, a spokesperson said.
One day after a Texas judge granted a preliminary injunction freezing its current fiduciary rule, a DOL spokesperson said regulators continue to believe in the strategy.
The U.S. Chamber of Commerce is supporting plaintiffs asking a Texas judge for an injunction to halt a Department of Labor fiduciary rule from taking effect.
Judge Reed C. O'Connor is assigned to hear a lawsuit against the Department of Labor Retirement Security Rule.
A lawsuit filed by nine industry trade associations against the latest Department of Labor fiduciary rule will be heard by a Texas judge with a reputation for vacating federal rules.