Center for American Progress

Another day, another dollar for retirement advice rip-offs
In the News

Another day, another dollar for retirement advice rip-offs

In response to an executive order that President Donald Trump signed in February, the U.S. Department of Labor is planning to delay the fiduciary rule.

Authors

  • Joe Valenti
  • Marcus Stanley

Immediately on the heels of President Trump’s address to Congress—in which the president pledged to protect American workers—the Trump administration is moving forward on a raw deal for American retirees.

On Thursday, in response to an executive order signed by Trump in February, the U.S. Department of Labor made clear its plan to delay—and likely eventually abandon—its landmark rule governing retirement advice.

The above excerpt was originally published in The Hill. Click here to view the full article.

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Authors

Joe Valenti

Director, Consumer Finance

Marcus Stanley