Under President Obama, the Department of Labor approved a rule stating that financial advisers must work in the best interest of their clients. Now, the Trump administration is trying to roll back this critical rule.
Congressional Republicans just introduced the Financial Choice Act, a bill that would eviscerate critical financial regulations and expose us to the same predatory lending practices that led us to financial ruin less than a decade ago.
Seven years ago, Congress passed a law that included a rule requiring all publicly traded companies to disclose their CEO-to-worker pay ratio. But Wall Street and big corporations have lobbied hard to stop the U.S. Securities and Exchange Commission from enforcing this rule. It’s time to change that.