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House Democrats argue DOL’s proposed delay of fiduciary rule could hurt savers

Jessica Karmasek Mar. 20, 2017, 2:01pm

The U.S. Department of Labor said earlier this month it would move forward -- under the direction of President Donald Trump -- with its efforts to delay the April 10 applicability date of the new “conflicts of interest” rule. The department said under its proposal the applicability date of the rule and related exemptions would be extended to June 9.