Top News

Acosta, Trump’s pick to head DOL, says he will follow order to review fiduciary rule

Jessica Karmasek Mar. 27, 2017, 11:51am

R. Alexander Acosta, President Donald Trump’s labor secretary nominee, faced members of the U.S. Senate Health, Education, Labor and Pensions, or HELP, Committee during his confirmation hearing Wednesday.

Trump’s pick for U.S. SC denies he’s against class actions

Jessica Karmasek Mar. 24, 2017, 4:00pm

Neil Gorsuch, a conservative who serves as a judge on the U.S. Court of Appeals for the Tenth Circuit, faced four days of confirmation hearings by the U.S. Senate this week.

Bill to limit use of forced arbitration clauses reintroduced

Jessica Karmasek Mar. 22, 2017, 1:14pm

U.S. Sens. Al Franken, D-Minn., and Patrick Leahy, D-Vt., along with U.S. Rep. Hank Johnson, D-Ga., reintroduced the Arbitration Fairness Act March 7. The legislation, previously introduced in 2011 and 2015, would eliminate forced arbitration clauses in employment, consumer, civil rights and antitrust cases.

Proposals aimed at splitting Ninth Circuit again introduced

Jessica Karmasek Mar. 21, 2017, 4:41pm

Various legislation has been introduced this Congress aimed at restructuring the U.S. Court of Appeals for the Ninth Circuit, the largest of the nation’s 13 courts of appeals. The circuit’s judges contend a split would be harmful, while Democrats argue partisan politics is at the center of the push.

U.S. Senate passes resolution to block DOL’s fiduciary rule

Jessica Karmasek May 25, 2016, 1:07pm

The rule, sometimes referred to as the conflicts of interest rule, mandates financial professionals who service individual retirement accounts, including IRAs and 401(k) plans, to serve the “best interest” of the savers and disclose conflicts of interest.