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Thrivent Financial Challenges DOL Fiduciary Rule
Bloomberg BNA
Sept. 30, 2016
"Thrivent's lawsuit, filed Sept. 29 in the U.S. District Court for the District of Minnesota, takes aim at the rule's 'best interest contract' (BIC) exemption.... The BIC exemption would require Thrivent, a fraternal benefit society based in Minnesota, to cease conducting certain business or to 'abandon its longstanding commitment' to resolving member disputes through alternative dispute resolution methods, the complaint said."
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