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Thrivent Financial Wins Battle Over DOL Arbitration Ban
Bloomberg BNA; subscription required Nov. 7, 2017 "[The federal district judge's] ruling means that Thrivent won't be considered out of compliance with the fiduciary rule's best-interest-contract exemption as a result of maintaining its alternative dispute resolution program.... The decision is the latest development in a dispute that started a year ago when Thrivent accused the agency of exceeding its statutory authority by attempting, with its new fiduciary rule, to force all disputes into federal court rather than allowing for alternative dispute resolution methods." [Thrivent Financial for Lutherans v. Acosta, No. 16-3289 (D. Minn. Nov. 3, 2017)] |
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