WASHINGTON—CUNA has sent a letter to the House Ways and Means Committee for the record of their hearing today on the Department of Labor’s Fiduciary Rule.
CUNA said the letter is largely consistent with its comment letters to the Department of Labor and the trade association’s letter to the House Financial Services Committee asking for a hearing on the rule due to CUNA’s concern that the rule as proposed may cause more harm than good and leaves credit union members with fewer options and more confusion.
For the complete letter, located in CUToday.info’s The Gov, click here.