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Large credit unions and banks may face additional restrictions on executive compensation as a result of regulations that will be issued by the NCUA and other financial regulators.
The FDIC on Feb. 7 voted to send out for comment a proposal for public comment that would require “larger covered financial institutions,” in the case of credit unions those with assets of $1 billion or more, to report compensation information to their regulators who will then rule if it is “excessive.” There are 154 credit unions with assets of $1 billion or more.
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