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ABA: The American Bankers Association
Statement
  • For Immediate Release
  • May 6, 2024

ABA Statement on Regulators’ Incentive Compensation Proposal

“Today’s unorthodox decision by the FDIC and other regulators to issue a notice of proposed rulemaking on incentive compensation without all the relevant agencies participating is a disappointing political exercise. The Dodd-Frank Act required that this regulation be a six-agency effort, but as key officials have made clear in recent public statements, significant disagreements remain. While we continue to review the 200-page proposal, we are concerned that the agencies seem to be ignoring the numerous and significant concerns raised by the industry when a nearly identical proposal was introduced in 2016.” 

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $23.9 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $18.8 trillion in deposits and extend $12.5 trillion in loans.

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