Sen. Warren, Rep. Cummings accuse financial industry of crying wolf on DOL fiduciary
Sen. Elizabeth Warren
The Massachusetts senator and Rep. Elijah Cummings, D-Md., assert four large insurance companies are telling regulators and shareholders different tales.
Wall Street critics in Congress are accusing the financial industry of talking out of both sides of its mouth when it comes to a pending Labor Department rule that would raise investment advice standards for retirement accounts.
Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., asse
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