The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the FDIC, the Federal Housing Finance Agency, the National Credit Union Administration and the SEC requested comments on a joint proposal that would limit incentive-based compensation arrangements at covered institutions, as required by Section 956 of the Dodd-Frank Act.
Comments on the proposed rulemaking are due by July 22, 2016.
Click here to read the Cabinet's previous coverage of the proposed rule.
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