treasury department

Fiduciary standards needed for all investment and retirement advice and small business lending

Written by Dory Rand on September 9, 2015 - 5:46pm

While the impact of biased investment advice in the college savings arena is very troubling, the impact of biased investment advice is even more concerning in the area of retirement savings. The lack of a fiduciary standard for retirement investment advisors costs consumers $17 billion a year in unnecessary fees to manage 401(k) and other retirement funds such as Individual Retirement Accounts (IRAs). The Obama Administration and U.S.

Treasury Department Seeks Information about Online Lending

Online lending has grown incredibly fast and is turning into a multi-billion dollar market. According to a 2014 report by the Harvard Business School, the outstanding portfolio balance of online lenders has been doubling every year. Online loans have become increasingly popular with small business owners who are frequently unable to obtain loans from traditional financial institutions.

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