The NCUA Board held its fifth open meeting of 2024 and approved a proposed rule on incentive-based compensation and a revised proposed rule on succession planning. The NCUA Board also approved maintaining the current interest rate ceiling for federal credit unions at 18 percent. To view the entire press release, go to: https://lnkd.in/eA9kUEju
NCUA’s Post
More Relevant Posts
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2 proposed rules today
The NCUA Board held its fifth open meeting of 2024 and approved a proposed rule on incentive-based compensation and a revised proposed rule on succession planning. The NCUA Board also approved maintaining the current interest rate ceiling for federal credit unions at 18 percent. To view the entire press release, go to: https://lnkd.in/eA9kUEju
NCUA Board Approves Proposed Rules on Incentive-based Compensation, Succession Planning
ncua.gov
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Our take on the re-proposal (but missing the Fed and SEC) of the 2016 proposal to implement the DFA section 956 incentive comp rules
The OCC, FDIC and FHFA have re-proposed the same rule from 2016 to implement Section 956 of the Dodd-Frank Act, which deals with incentive compensation arrangements at covered financial institutions. #FinancialInstitutions #ExecutiveCompensation
Some, but not all, required regulators re-propose incentive compensation rule under Dodd-Frank
davispolk.com
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The OCC, FDIC and FHFA have re-proposed the same rule from 2016 to implement Section 956 of the Dodd-Frank Act, which deals with incentive compensation arrangements at covered financial institutions. #FinancialInstitutions #ExecutiveCompensation
Some, but not all, required regulators re-propose incentive compensation rule under Dodd-Frank
davispolk.com
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Three out of six agencies re-proposed a rule to implement Section 956 of the Dodd-Frank Act, dealing with financial institution incentive compensation. The statute requires six agencies to act jointly, but that is not what happened. Our client alert includes a link to our visual memo on the 2016 version of the proposed rule, since that is what the three agencies have re-proposed.
The OCC, FDIC and FHFA have re-proposed the same rule from 2016 to implement Section 956 of the Dodd-Frank Act, which deals with incentive compensation arrangements at covered financial institutions. #FinancialInstitutions #ExecutiveCompensation
Some, but not all, required regulators re-propose incentive compensation rule under Dodd-Frank
davispolk.com
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Account Executive & Relationship Manager | Fintech & SaaS Sales Specialist | AI Solutions Advocate | Trusted Advisor to Financial Institutions, Business Clients, & Government Agencies
This comprehensive article delves into the intricacies of a proposed amendment to the Federal Credit Union Act. For professionals working with or within credit unions, I highly recommend reading this insightful analysis. #banking #creditunions #banks https://lnkd.in/gmkuHsTR
DCUC: Amendment Threatens CU Tax Exemption
cutoday.info
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Board Chairman and Co-Founder | Bringing Automated Compliance and Benchmarking Solutions for Credit Reporting and Disputes to Lenders of All Sizes
Breaking News: The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA), have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (section 956). The National Credit Union Administration (NCUA) is expected to take action on the NPR in the near future. The U.S. Securities and Exchange Commission (SEC) has included a rulemaking to implement section 956 on its rulemaking agenda. This NPR is intended to advance stakeholder engagement needed to develop a final incentive-based compensation rule.
Agencies Issue Proposal on Incentive-Based Compensation
occ.gov
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Check out our latest alert on FCRA.
SCOTUS ruled that federal agencies can be held liable under the Fair Credit Reporting Act when they fail to investigate or correct inaccurate info furnished to credit reporting agencies. In this alert, Corey M. Scher and Joshua Horn outline the decision that’s likely to affect both government agencies and consumer credit reporting entities. #financialservices #FCRA #CFPB
Supreme Court: Government Agencies Can Be Liable Under FCRA for Credit Reporting Errors
foxrothschild.com
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Here it is: Discussion Agenda: Notice of Proposed Rulemaking on Custodial Deposit Accounts with Transaction Features and Prompt Payment of Deposit Insurance to Depositors. https://lnkd.in/ecgCG_AV
September 17, 2024 — Sunshine Act Meeting Notice
fdic.gov
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A lot of discussion on ACC and income protection the best thing you can do is engage a risk adviser to get it right http://wgcl.live/s93k
Does your current adviser really understand income protection?
willowgroveinsurance.co.nz
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Senior Fellow, Richman Center at Columbia University, Independent Director & Managing Principal at Broadmoor Consulting
More thoughts from me in this piece on the Gruenberg succession (or not) at the Federal Deposit Insurance Corporation (FDIC) #banks #regulation https://lnkd.in/gSyeBtzu
FDIC leadership shake-up unlikely, paving smooth path for regulatory agenda
spglobal.com
