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Advocacy in action blog

1 min read

Tell Your Members of Congress How the DOL's Proposed Fiduciary Rule Would Impact Your Clients

By NAIFA on 11/10/23 4:14 PM

The Department of Labor has proposed a fiduciary-only rule that would limit the choices consumers have when seeking investment and retirement-planning advice and could make it difficult for low- and middle-income investors to receive services and advice. 

Topics: Legislation & Regulations Standard of Care & Consumer Protection Federal Advocacy DOL
1 min read

DOL Fiduciary Rule Comment Period Sends the Wrong Message

By NAIFA on 11/8/23 2:57 PM


Topics: Legislation & Regulations Standard of Care & Consumer Protection DOL
2 min read

NAIFA Supports NAIC Statement on DOL Proposal

By NAIFA on 11/2/23 9:35 AM

NAIFA has strong advocacy relationships with interstate organizations like the National Association of Insurance Commissioners (NAIC), National Council of Insurance Legislators (NCOIL), and North American Securities Administrators Association (NASAA). We attend their meetings, provide input through comments and testimony, and work with them on resolutions and model regulations that impact consumers and the insurance and financial services industry. 

Topics: Standard of Care & Consumer Protection Interstate Advocacy NAIC Model Regulation Federal Advocacy DOL NAIC
1 min read

No Candy for You: DOL Rolls Out Failed Fiduciary-Only Approach Again

By NAIFA on 10/31/23 10:39 AM

NAIFA CEO Kevin Mayeux, CAE, issued the following statement on the proposed Department of Labor fiduciary rule expected to be made public later today:

Topics: Retirement Planning Legislation & Regulations Standard of Care & Consumer Protection Press Release DOL
1 min read

NAIFA Offers Congratulations to New House Speaker Johnson

By NAIFA on 10/25/23 4:38 PM

NAIFA congratulates the newly elected Speaker of the House of Representatives Mike Johnson and looks forward to working with him on legislative matters that impact the financial security of Americans and the ability of insurance and financial professionals to serve their clients’ best interests.

Topics: Press Release Federal Advocacy
2 min read

NAIFA Supports the Congressional Financial Literacy and Wealth Creation Caucus

By NAIFA on 10/20/23 3:55 PM

NAIFA is a strong proponent of the Congressional Financial Literacy and Wealth Creation Caucus and has urged members of Congress to join during the Congressional Conference and In-District Meetings earlier this year. The bipartisan caucus raises issues important to NAIFA members and consumers they serve in the consciousness of lawmakers. Its members are legislators "committed to empowering Americans with the tools needed to build wealth and achieve financial stability."

Topics: Financial Literacy Federal Advocacy Congress
3 min read

NAIFA CEO Represents Advisors and Consumers in Meeting With Administration on DOL’s Fiduciary Proposal

By NAIFA on 10/10/23 11:18 AM

NAIFA CEO Kevin Mayeux, CAE, told the Biden Administration in a meeting that the Department of Labor’s (DOL’s) current efforts to revive a fiduciary-only regulation for financial professionals is unnecessary and likely to harm low- and middle-income consumers.

Topics: Press Release Federal Advocacy Annuity Best Interest DOL Regulation Best Interest White House Fiduciary
1 min read

SEC Proposal Would Blunt the Use of Financial Services Technology and Harm Consumers

By NAIFA on 10/9/23 8:53 AM

NAIFA has submitted a comment letter to SEC Secretary Vanessa Countryman sharing concerns about the SEC’s proposed rule on the use of predictive data analytics by financial professionals. The proposal, which would place new burdensome requirements on broker-dealers and investment advisers using a broad array of investments-related technology, would have a “devastating effect on our members and their primary clients: low- and middle-income savers and investors,” the letter states.

Topics: Legislation & Regulations Technology SEC Federal Advocacy
7 min read

More Than 135 In-District Meetings Illustrate NAIFA's Grassroots Impact

By NAIFA on 9/22/23 1:59 PM

NAIFA members held more than 135 In-District Meetings with federal lawmakers and senior staff during the recent Congressional recess. This is the second post-COVID year in a row that the number of meetings has reached triple digits. In addition, many NAIFA members also met with state officials over the summer.

Topics: Federal Advocacy Grassroots Congress August In-Districts
1 min read

CMS Issues FAQs on Consumer Consent and Application Review Requirements

By NAIFA on 9/18/23 5:52 PM

The Centers for Medicare & Medicaid Services (CMS) introduced new regulations in the Notice of Benefit and Payment Parameters for Plan Year 2024 that all agents, brokers, and web-brokers must follow before helping consumers complete and submit their Marketplace application. To ensure that agents and brokers understand the specific guidelines of these new regulations, CMS recently published several frequently asked questions (FAQs) that answer common questions about these new requirements.

Topics: Health Care Federal Advocacy CMS Insurance & Financial Advisor Regulation