U.S. Department of Labor Finalizes Rule to Increase Financial Transparency for Unions

The U.S. Department of Labor has announced a final rule designed to increase financial transparency for unions regulated by the Labor-Management Reporting and Disclosure Act of 1959. The rule modernizes the reporting requirements of the Form LM-2, an annual financial disclosure form used by larger labor organizations, aiming to enhance union worker protections and provide members with better insight into how their dues are spent.