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NCUA | RIN: 3133-AE99 | Publication ID: Spring 2019 |
Title: ●Golden Parachute and Indemnification Payments | |
Abstract:
The NCUA Board proposes to revise its regulation regarding the prohibition against a federally insured credit union (FICU) from making golden parachute and indemnification payments to an institution-affiliated party under certain circumstances. The proposed rule improves the organization and clarity of the regulation and includes a section on merger-related financial arrangements. The proposal also amends the regulation to assist FICUs in the identification and processing of golden parachute payments. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 750 | |
Legal Authority: 12 U.S.C. 1786(t) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-and-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Agency Contact: Sarah Chung Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-1178 Fax:703 518-6569 Email: schung@ncua.gov |