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News & Headlines

DOL Proposes Expanded Use of Electronic Delivery for Plan Documents

The Labor Department today issued its much-awaited proposal that would modernize retirement disclosures by providing a new safe harbor for employee benefit plan administrators to use electronic delivery for participant notices and disclosures.

Federal Judge Blocks OCC’s ‘Fintech Charter’

A federal judge in New York on Monday blocked the OCC from issuing charters to non-depository special-purpose national banks, as the agency first proposed to do in 2016.

House Members Call for OFR Study of CECL’s Financial Stability Impact

A bipartisan group last week called on the Financial Stability Oversight Council to require that the Office of Financial Research study potential financial stability effects of the current expected credit loss model for loan loss accounting.

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