As a result, there are many loopholes or gaps in the law that allowed--that were that allowed individuals to avoid fiduciary status and provide conflicted investment advice that cost our Nation's workers and retirees $17 billion each year.
Waters highlights the financial impact of loopholes in investment advice regulations on retirees.
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I am pleased that the CFPB is finally taking action to oversee these companies.
Further, President Biden successfully negotiated a temporary ceasefire and the return of hostages taken by Hamas.
Can you also speak to the broader concerns about the potential for monopolistic use of data and misuse of market power by Big Tech companies?
But, if anything, this rule should increase competition by ensuring that the largest companies are not able to leverage their size and data to unfairly crowd out smaller companies.
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