Agencies Issue Final Rule to Update Management Interlock Rules
On October 2, 2019, the OCC, FDIC, and Federal Reserve issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA). The DIMIA major assets prohibition prohibits a management official of a depository organization with total assets exceeding $2.5 billion…
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