The U.S. House of Representatives voted to approve a joint resolution to block the recently adopted Consumer Financial Protection Bureau arbitration rule.
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House and Senate Republicans introduced resolutions to nullify the final arbitration rule adopted by the Consumer Financial Protection Bureau.
SIFMA and numerous financial associations filed a complaint against the Department of Labor with the U.S. District Court for the Northern District of Texas. The complaint would strike down an "overreaching" DOL fiduciary rule.
The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises reviewed the "Investment Advisers Modernization Act," which would require the SEC to modernize certain rules relating to investment advisers.