Examiners at the Consumer Financial Protection Bureau and the OCC remain intensely focused on incentive compensation and sales practices, particularly at banks with more than $20 billion in assets, according to senior officials speaking at ABA’s Government Relations Summit this morning.
Mortgage servicing, fair lending, vendor risk management and sales practices are among top priorities, according to ABA experts.
The Consumer Financial Protection Bureau today issued a bulletin outlining expectations for incentive compensation programs.
ABA today announced that it is offering a student debt repayment benefit for employees. Starting in December, the association will pay up to $1,200 per year toward employees’ student loan balances.
In a comment letter to six federal financial regulatory agencies today, ABA raised numerous concerns about the agencies’ proposed incentive-based compensation rule.
ABA today urged members of Congress to block the Department of Labor’s final overtime rule from taking effect.
The Federal Reserve Board today voted to re-propose the executive compensation rule mandated by the Dodd-Frank Act, prohibiting incentive-based compensation arrangements for executives that the regulators believe could encourage excessive risk-taking behavior.
The first of six regulatory agencies voted today to re-propose the executive compensation rule mandated by the Dodd-Frank Act.
The year-to-year changes in the average compensation for various job positions offer clear evidence of recent trends in the financial institutions industry.
There has been a significant amount of confusion of late about the applicability of recent federal contractor executive orders, particularly the latest one concerning paid leave. The applicability of each executive prder must be analyzed individually because each stems from one or more different laws with differing definitions of “federal contractor.”