MFA Submits Comments to Department of Labor on Fiduciary Rule

On March 17, MFA submitted a comment letter in support of the Department’s proposal to delay the applicability date of the final fiduciary rule by 60 days.  In our letter, we noted that there remain significant policy concerns with respect to the final rule and that we supported the Department’s review of the final rule.  We also noted that we intend to submit a substantive follow-up letter in response to the proposal and that the 60-day delay was important to provide the Department an opportunity to review and consider the remaining policy issues in the final rule.