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The NCUA should withdraw or delay a proposed rule that would prohibits certain incentive-based compensation packages, most credit unions that weighed in on the regulation said in comments, which were due Friday.

NAFCU President/CEO Dan Berger wrote, echoing many of the comments, “NAFCU urges the National Credit Union Administration and other federal financial regulators to substantially revise this rule in acknowledgement that it should not apply to credit unions, is overly broad, and lacks requisite clarity and guidance for good-faith compliance.”

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David Baumann


Credit Union Times

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