Jump to Content
close
close
ABA: The American Bankers Association
Issue

Fiduciary Regulation by the Department of Labor

Making a Functional Rule that Protects Customers

ABA Position

ABA believes that banks, in their capacity as fiduciaries, should act in the best interest of their retirement customers, since these individuals rely on and entrust their banks to provide retirement services, including investment products, retirement planning, and investor education, in order to achieve a secure financial retirement. As DOL undertakes to revise the standard for fiduciary investment advice, it should focus on a functional rule that (i) specifically targets bona fide fiduciary conduct, (ii) provides certainty of compliance, and (iii) meets the standards of wise public policy that truly serves financial services customers.

  • News

Policy Library

View All

News

View All News

ABA Resources

In Depth

Our Experts

Timothy Keehan

Tim Keehan

Vice President & Senior Counsel

Contact Timothy

Press Contact

Blair Bernstein

(202) 663-5468

Contact Blair

Stay Connected

Wealth Management & Trust Email Bulletin

Get monthly updates on state and federal fiduciary legislation, regulation and litigation, and expert insights to make sense of it all.

ABA Tools & Resources Email Bulletin

Get a monthly update on tools and resources on the ABA website.