DOL, Thrivent Deal Last Cards on Fiduciary Rule Arbitration Ban

The Labor Department and Thrivent Financial for Lutherans can’t seem to agree on how to proceed with a case challenging the fiduciary rule’s arbitration ban that seeks to restrict class litigation waivers (Thrivent Fin. for Lutherans v. Acosta, D. Minn., No. 0:16-cv-03289-SRN-DTS, briefs on issue of mootness 9/7/17).

The DOL has “no definitive position” on whether the case filed last year by Thrivent is ready to be resolved now, the agency said Sept. 7 in a brief filed in the U.S. District Court for the District of Minnesota. Citing “certain events that are likely to occur soon” and ...