The period before a major election typically generates little action on regulatory and legislative issues in Washington, but two items do bear watching this fall. The Consumer Financial Protection Bureau (CFPB) has begun work on recommendations for the use of senior designations, and the SEC and the Department of Labor continue to struggle with how to approach any broader application of a fiduciary standard of care.
Hickerson, Keith, "Senior Designations Back in the Spotlight—a Regulatory Update" (2012). Faculty Publications. 385.