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Labor Secretary Alexander Acosta (Photo: Diego Radzinschi)

Meanwhile, NAFA asks judge to delay Dec. 8 oral argument, while Thrivent wins some relief from anti-arbitration rules under BICE

The Labor Department will likely be cleared in three weeks to officially delay the full implementation of its fiduciary rule, Labor Secretary Alexander Acosta told a federal court in Minnesota on Thursday in a court filing.

“Typically administrative actions such as these take three weeks from the time of review by [the Office of Management and Budget] to be published as final,” Labor told the court handling Thrivent Financial for Lutherans’ case against the Labor Department over the fiduciary rule.

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