Barbara Roper

New standards for advisors cover digital advice, third-party relationships and expand fiduciary duty obligations.

A bill repealing rule moves on to House floor, while appropriators seek to block funding for the measure.

There is "no principled legal basis" to do so, Labor Secretary Acosta says.

Too often, the agency overlooks the true impact of its policies, according to commission's investor advocate.

The decision landed just hours after the Department of Labor asked for the decision to be postponed while it complies with a Trump order to review the regulation.

"There is an added sense of urgency now," says Barbara Roper, director of investor protection at the Consumer Federation of America.

With a deep résumé representing Wall Street firms, Jay Clayton is seen as a business-friendly choice not expected to push major new regulations or ramp up RIA exams.

The new administration will have two paths it can take to stop the regulation from being implemented.

The Republican's hostility to all things Obama sets the stage for dramatic departures on financial regulation.

After more than three-and-a-half years at the helm, Mary Jo White made incremental moves to expand advisor exams, but did not move on structural reform or implement a uniform fiduciary standard, as many advocates had hoped.