21 11, 2017

Wealth Management – Department of Labor Fiduciary Rule Summary

2017-11-21T10:58:53+00:00 November 21st, 2017|Financial Services, Risk & Compliance|0 Comments

The Department of Labor published their final Fiduciary Rule (“Definition of the Term ‘Fiduciary’; Conflict of Interest Rule – Retirement Investment Advice) in April, 2016 with an original applicability date of April, 2017 which was subsequently extended until June, 2017. This included a phased implementation period for the Best Interest Contract (BIC) Exemption and [...]

21 11, 2017

FinTech Regulation – Will They or Won’t They?

2017-11-21T10:50:26+00:00 November 21st, 2017|Financial Services, Risk & Compliance|0 Comments

As financial technology companies increase in the industry, grow in size, and expand the scopes of their businesses the question really isn’t “will they be regulated.” They will. The question is by whom. FinTechs have expanded in scope from pure operational processing with liability to the customer or intended extension of credit to the [...]