Search
 
News

NCUA Executive Compensation Rule Too Vague: NASCUS

NASCUS asks the NCUA to be clearer about which credit unions exactly are covered by new Dodd-Frank executive compensation-based rule.

By David Baumann | Updated on July 29, 2016

The NCUA proposed rule on executive compensation is unclear and raises serious questions about its scope, NASCUS said.

“We believe there is a role for regulators in ensuring such compensation plans are consistent with principles of safety and soundness,” Brian Knight, NASCUS’s executive vice president and general counsel said in a letter to the agency. “However, regulatory authority related to compensation in the marketplace should be exercised judiciously.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

David Baumann

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.