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NCUA, the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission have proposed a joint rule to implement section 956 of the Dodd-Frank Act.  Section 956 requires the regulators to issue regulations or guidelines prohibiting incentive-based compensation arrangements that the regulators determine encourage inappropriate risks and requires institutions to disclose information about the structure of their incentive-based compensation plans to the appropriate regulator. These requirements apply to credit unions with $1 billion or more in assets.  The agencies are working toward finalizing the proposal.