Hearing speakers trade barbs on whether DOL fiduciary rule hurts or helps
February 20, 2024 by John Hilton
A House committee revived debate over the Department of Labor fiduciary rule Thursday, leading to extended discussion over what the proposal does and doesn’t do, and whether the DOL has the appropriate rulemaking authority.
The House Health, Employment, Labor and Pensions Subcommittee welcomed four witnesses to discuss the fiduciary rule. Introduced on Halloween, the Biden administration fiduciary rule is at least the fourth attempt to hold nearly all sales of financial products to a fiduciary standard.
Click HERE to read the full story via INN
Originally Posted at InsuranceNewsNet on February 16, 2024 by John Hilton.
Categories: Industry Articles