Consumer and financial reform advocates are urging the incoming Trump administration to spare the U.S. Labor Department’s fiduciary rule, as government lawyers press a Washington judge not to freeze his decision upholding the merits of the new regulations.
As speculation intensifies that the fiduciary rule could be on the chopping block or significantly curtailed under President Donald Trump and a GOP-controlled Congress, members of the SaveOurRetirement Steering Group issued a statement telling Trump to “make good on his election talk by supporting the rule—and choosing regular Americans over Wall Street.”
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