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February 12, 2024
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1 min read
CFA Issues Letter Opposing Appropriations Riders for DOL’s Retirement Security Proposal
The Consumer Federation of America recently sent the following letter urging members of Congress to resist industry efforts that aim to delay, defund, or derail the Department of Labor's proposed Retirement Security Rule. This rule is designed to protect retirement savers by ensuring that financial advice is in their best interest. The letter emphasizes the unique position of the Department of Labor in providing necessary protections for retirement savers and highlights the detrimental impact of conflicted investment advice, especially on individuals with modest means striving for a secure retirement.
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