department of labor
It's long past time for consumer protections to catch up to modern realities. For something as important as a family's retirement savings, there's no reason the retirement services industry shouldn't be held to a standard like that of other professions handling such serious matters.
It is clear to most people that corporations hold numerous advantages over everyday Americans when it comes to power in the workplace. But thankfully, the Obama administration just took a step to close a loophole that will shine a spotlight on those engaging in anti-union activities.
Under a new Labor Department rule, companies will have to disclose more of their dealings with union-avoidance consultants.
WHAT'S HAPPENING
Without a single Committee Democrat voicing support, the House Education and the Workforce Committee reported out two bills that purport to require all financial professionals to act in the best interests of their customers when providing retirement investment advice.
It's apparent to anyone who wishes to look that tomorrow's workforce will be dramatically different than the long term employer-employee model of the past.
One of the perplexing mysteries in the debate over the Department of Labor's fiduciary rule is why securities industry representatives are so adamantly opposed to the DOL rulemaking based on the exact same principles.
There were plenty of ups and downs in the fight against child labor this year. With an estimated 168 million children still trapped in exploitative labor, including 85 million doing hazardous work, we have an ambitious agenda ahead of us in 2016. Here are 10 highs and lows from 2015.
It's very rare that a business owner serves time for wage theft.