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Labor Department Mutiny: Obama’s holdovers refuse to follow Trump’s directive

Oct 29th 2018
Mark DeYoung

Now we know one reason Democrats blocked President Trump’s first nominee to be secretary of Labor: The bureaucracy is in open rebellion against the new President’s directives. The casus belli is the fiduciary rule, the attempt by Obama Labor Secretary Tom Perez to rewrite the rules for offering investment advice. The rule was supposed to go into effect Monday.

Proponents argued that the new rule would raise the standards for advice given to retirement investors. In reality, it would make that advice more expensive while opening…

Read the full story at The Wall Street Journal.

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The Catholic Finance Association

  • Pope further tightens controls, centralisation of Vatican finances
  • Catholic Finance professionals make ArchNY schools among the Best in the Nation
  • Assessing the US Bishops’ SRI Guidelines: The Evolution of Value-Based Investing
  • The Rapid Growth of Microfinance Loans: An Interview with the founder of the first MFI Rating Agency
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