Labor given Oct. 21 deadline for fiduciary-rule explanation

More than 100 US House Republicans signed a letter that gives Labor Secretary Thomas Perez until Oct. 21 to provide an explanation of how the department intends to make “substantial changes” to problems with its proposed fiduciary rule. The letter urges the department to give stakeholders a chance to review its revisions before sending the proposed final rule to the Office of Management and Budget. ThinkAdvisor