Washington

Law school dean nominated to be labor secretary

Law school dean nominated to be labor secretary

With R. Alexander Acosta nominated to be the next secretary of labor, some industry experts are watching to see how he might affect recent efforts to delay the Department of Labor's fiduciary rule.

February 20, 2017
Trump throws future of fiduciary rule into disarray

Trump throws future of fiduciary rule into disarray

As the April 10 deadline approaches for implementation of the Department of Labor's fiduciary rule, some members of the defined contribution industry are forging ahead with compliance strategies...

February 20, 2017
Investors are not out of the woods despite delay in OTC margin rule

Investors are not out of the woods despite delay in OTC margin rule

Money managers and asset owners won't necessarily be getting a break from complying with a March 1 deadline to post mark-to-market margin on some over-the-counter derivatives.

February 20, 2017
Secure Choice prospects tested by House vote

Secure Choice prospects tested by House vote

States and local governments hit a major roadblock, after the U.S. House of Representatives approved resolutions blocking Department of Labor safe-harbor rules for their private-sector retirement...

February 20, 2017
First decision on SEC use of in-house judges to be reconsidered

First decision on SEC use of in-house judges to be reconsidered

The first U.S. appeals court to weigh in on whether Securities and Exchange Commission administrative judges are constitutional will reconsider a decision favoring the agency.

February 17, 2017 | 03:02 pm
Donald Trump taps Alexander Acosta as labor secretary nominee

Donald Trump taps Alexander Acosta as labor secretary nominee

President Donald Trump has nominated Alexander Acosta for secretary of labor, a day after previous nominee Andrew Puzder withdrew.

February 16, 2017 | 11:23 am
Andrew Puzder withdraws as Trump's labor nominee amid Republican doubts

Andrew Puzder withdraws as Trump's labor nominee amid Republican doubts

Andrew Puzder withdrew Wednesday as President Donald Trump's labor secretary nominee as controversy deepened over his personal life and private-sector background.

February 15, 2017 | 03:49 pm
House votes to block Labor Department rules on state retirement programs for private sector

House votes to block Labor Department rules on state retirement programs for private sector

Resolutions to block Department of Labor rules allowing states and large political subdivisions to set up private-sector retirement savings programs were passed by the U.S. House of Representatives...

February 15, 2017 | 05:37 pm
Fed chairwoman cautions about later rate hikes

Fed chairwoman cautions about later rate hikes

Waiting too long to raise interest rates “would be unwise,” Federal Reserve Chairwoman Janet Yellen told a Senate panel Tuesday, because a faster hike later in the cycle “could risk ...

February 14, 2017 | 04:01 pm
CFTC to delay enforcement of margin requirements on certain derivatives trades

CFTC to delay enforcement of margin requirements on certain derivatives trades

The CFTC late Monday said it would delay for six months enforcement of variation margin requirements for non-centrally-cleared derivatives trades that were due to go into effect March 1.

February 14, 2017 | 12:21 pm
There's good news, with caution, for commercial real estate under President Trump

There's good news, with caution, for commercial real estate under President Trump

President Donald Trump's initial actions appear to create positive tail winds for commercial real estate.

February 14, 2017 | 06:00 am
Senate confirms Steven Mnuchin as Treasury secretary

Senate confirms Steven Mnuchin as Treasury secretary

Steven Mnuchin was confirmed by the Senate late Monday as U.S. Treasury secretary.

February 13, 2017 | 05:17 pm

Fed’s Daniel Tarullo announces resignation

Daniel K. Tarullo, a member of the Federal Reserve Board of Governors, is resigning, Mr. Tarullo announced in a brief letter to the White House on Friday.

February 10, 2017 | 03:25 pm
DOL seeks regulatory delay of fiduciary rule

DOL seeks regulatory delay of fiduciary rule

The Department of Labor is officially seeking to delay the fiduciary rule’s implementation, according to paperwork filed with the Office of Management and Budget on Thursday.

February 10, 2017 | 02:34 pm
Texas court upholds DOL fiduciary rule, denies stay

Texas court upholds DOL fiduciary rule, denies stay

A U.S. district judge in Dallas dismisses a legal challenge to the Department of Labor's fiduciary rule, saying the rule is within the Labor Department's authority.

February 08, 2017 | 05:36 pm