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Sen. Lamar Alexander, R-Tennessee, chairman of the Health, Education, Labor and Pensions Committee, sent a letter co-signed by 35 other Republican Senators urging Labor Secretary Thomas Perez to extend the 75-day comment period on the agencys proposed fiduciary rule to 120 days.

A group of 18 Democratic members of the House of Representatives and another group of eight Senate Democrats have written separate letters to Labor Secretary Thomas Perez asking for an extension of the 75-day comment period for the agencys proposed fiduciary rule.

The second-term Republican congresswoman from Missouri has become the de facto tip-of-the-spear against the Department of Labors recently proposed conflict of interest rule.

As a result of the DOLs proposed Best Interests standard fails to define precisely what it means by best interests.

The Department of Labors new fiduciary proposal potentially stands to complicate a retirement planning industry already marked by consumer confusion.

City National Bank and its officers are in hot water with the Department of Labor, after the latter filed suit against fiduciaries of the City National Corp. Profit Sharing Plan over what it said were excessive fees arising out of self-dealing and conflicted transactions involving plan assets by those fiduciaries.

Volunteers from AARP descended on Washington bearing petitions in support of a fiduciary standard.

The potential commoditization of 401(k) plans that some feared would be the result of stricter fee disclosure rules has not happened.