Labor Department Extends Fiduciary Rule Deadline

The Labor Department extended the compliance deadline for its fiduciary rule to July 1, 2019. The 18-month extension was approved as the department reviews the rule, which was approved during the previous administration.

 

In a comment letter filed earlier this year, ICBA told the DOL that the final fiduciary rule harms investors because it reduces Americans’ access to certain retirement savings offerings. Therefore, the rule’s implementation should be delayed if it is not rescinded, ICBA wrote.

 

Read More from Labor Department

Read ICBA Comment Letter

Previous News

  • Beyond Sentimentality - Why recognizing milestones is good for business

    There are occasions that make us smile or tug at our heartstrings, like a child’s first step or a couple’s 50th wedding anniversary, and there are milestones that become part of our history such as the Iowa Civil Rights Act in 1884 which was the first in the country to focus on prohibiting discrimination.

    Image

    Nov 20, 2017

  • First International Bank & Trust Welcomes Brooks Crandell, Senior Trust Officer

    Camelback, AZ – First International Bank & Trust (FIB&T) is proud to welcome Brooks Crandell as a Senior Trust Officer. Brooks comes to FIB&T with many years working in Trust Services. His primary responsibilities at FIB&T will be to provide the necessary Trust resources and knowledge to First Intentional Bank & Trust customers. Brooks will be located at our Camelback, Arizona (2231 E Camelback Rd Suite 107) branch.

    Image

    Nov 17, 2017

  • ICBA Extends iHELP Relationship for Community Bank Issued Student Loans ​

    ICBA has extended its Preferred Service Provider relationship with iHELP to help students and their families cover the gap between the cost of education and other financial resources such as scholarships, grants and federal student loans.

    Image

    Nov 17, 2017


Related News Taxonomy