Comments due on NCUA compensation ANPR
The National Credit Union Administration has published [84 FR 16796, 4/23/2019] an advance notice of proposed rulemaking to solicit comments on ways to improve the agency's regulations limiting a credit union official's and employee's compensation in connection with loans to members and lines of credit to members. These regulations have generated confusion and are likely outdated, burdensome, and at odds with industry standards. The Board is particularly interested in obtaining feedback on how it can provide flexibility with respect to senior executive compensation plans that incorporate lending as part of a broad and balanced set of organizational goals and performance measures. Comments are due by June 24, 2019.