March 20, 2017
A Texas federal judge won't block the U.S. Department of Labor's fiduciary rule for retirement account advisers while the U.S. Chamber of Commerce and others try to revive their challenge to it, ruling Monday the business groups hadn't caused the court to question its earlier decision in the agency's favor.
March 17, 2017
The U.S. Chamber of Commerce and other business groups urged a Texas federal court on Thursday to block the U.S. Department of Labor's fiduciary rule despite the agency's recent pledge not to enforce the rule if it can't finalize a planned delay before the rule takes effect.
March 13, 2017
Groups including the U.S. Chamber of Commerce have filed emergency motions in Texas federal court to block the Department of Labor's fiduciary rule a month before it's set to take effect, arguing that an injunction would prevent upheaval in the financial services industry and aid a Trump administration review.
February 27, 2017
Business groups including the U.S. Chamber of Commerce have asked the Fifth Circuit to review a recent Texas federal court decision upholding the U.S. Department of Labor’s controversial fiduciary rule for retirement advisers, according to an appeal notice filed Friday.
February 09, 2017
The Trump administration will need to build a robust administrative record if it wants to convince the public and courts a full-scale repeal of the new fiduciary rule for retirement account advisers is justified and not merely a political about-face, experts said, after a Texas federal judge on Wednesday issued the third lengthy opinion endorsing the U.S. Department of Labor's original analysis.
February 08, 2017
A Texas federal judge on Wednesday upheld the U.S. Department of Labor's controversial fiduciary rule for retirement advisers — just hours after the agency had asked to stay the case in light of President Donald Trump's directive to review and possibly rescind the rule.
January 30, 2017
The U.S. Department of Labor is backing its controversial fiduciary rule for retirement account advisers, saying in Texas federal court that business groups’ opposition to the rule “mischaracterizes” the department’s rulemaking and guidance.
January 25, 2017
Business groups challenging the U.S. Department of Labor's controversial fiduciary rule told a Texas federal judge Wednesday that a recent proposal by the department to exempt certain intermediaries from the rule only underscores the rule's flaws.
November 09, 2016
The U.S. Department of Labor has wasted little time applying a recent D.C. federal court decision upholding its so-called fiduciary rule to one of several other federal court suits over the new rule, pointing the ruling out to the Texas federal judge hearing a challenge by trade groups including the U.S. Chamber of Commerce.
September 19, 2016
The U.S. Chamber of Commerce and other groups suing the U.S. Department of Labor over a new fiduciary rule the agency says aims to protect Americans' retirement savings asked a Texas federal judge on Friday to end the case in their favor because the action amounted to federal overreach.