Yes, the fiduciary rule is probably history, Capital Group analysts say

December 17, 2024 by John Hilton

Rep. Lori Chavez-DeRemer, nominated by President-elect Donald Trump to head the Department of Labor, is being viewed with skepticism by a financial services industry that wants efforts to extend fiduciary duty to go away for good.

Chavez-DeRemer, R-Oregon, has a sketchy history with the issue. As member of the House Committee on Education and the Workforce, she was the only Republican to vote against a Congressional Review Act resolution to strike down the fiduciary rule.

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Originally Posted at InsuranceNewsNet on December 16, 2024 by John Hilton.