A new Treasury Department report, conducted following an executive order requesting a review of financial regulation, addressed regulation around the insurance and asset management industries.
Among the headline recommendations in the report was the delay of implementation of the Department of Labor’s fiduciary rule and improving coordination between the Federal Insurance Office and state insurance regulators.
But among the other recommendations from Treasury was one regarding the Department of Housing and Urban Development’s use of the disparate impact rule. Read on for more of what the Treasury Department had to say on that.
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