NPR

5 Things To Know About Trump's Delay Of The Financial Adviser Rule

Americans are losing billions of dollars from retirement accounts to excessive fees. The Obama administration passed a rule to stop that. But President Trump has delayed the rule.
Source: RamCreativ

The Obama administration created a rule to protect millions of American workers saving for retirement. President Trump has delayed this so-called fiduciary rule, which requires financial advisers to put consumers' best interests ahead of their own.

A battle over the rule is likely to continue in the courts. In the meantime, here's what you need to know.

Today was supposed to be the day you knew you could trust your financial adviser

Monday was the deadline for the industry to comply with a new rule crafted by the Obama administration to protect Americans saving for retirement. Obama's economic team said everyday Americans are losing upwards of $17

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