Attacks on the Labor Department’s fiduciary rule have been renewed even as it begins to take effect.
Labor Secretary Alexander Acosta made headlines by conceding his willingness to follow the regulations to phase in. Unlike other Trump administration officials, Acosta deserves praise for his grasp of the rulemaking process and commitment to the rule of law. Still, Acosta signaled a sour view on the substance and announced that he would reopen the process to allow reconsideration of the rule.
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