#finlit FHFA quietly approved The Dodd-Frank Act proposal

Federal Reserve signed off on incentive-compensation proposal; that’s the fourth agency OK’ing the plan still waiting for the SEC.

The Dodd-Frank Act requires FHFA to issue this rule jointly with five other agencies – the Federal  Deposit Insurance Corporation, the National Credit Union Association, the Board of Governors of  the Federal Reserve System, the Office of the Comptroller of the Currency, and the U.S. Securities  and Exchange Commission. The Director of FHFA has approved issuing the preamble and FHFA’s  portion of the proposed rule text. This preamble and proposed rule will not be published in the  Federal Register until after all of the agencies have acted, and the final version may differ from the  version posted here.

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