The Curtailing Unreasonable Remuneration at Banks Act allows the Director of the Federal Housing Finance Agency to set compensation for executive.
The Curtailing Unreasonable Remuneration at Banks Act, also known as the CURB Act, amends the Federal Home Loan Bank Act to allow the Director of the Federal Housing Finance Agency to set compensation for executive officers of Federal Home Loan Banks. This compensation must be reasonable and comparable, as determined by regulations set by the Director. The Act also removes the transition rule related to withholding of compensation. This change aims to ensure that executive compensation at Federal Home Loan Banks is fair and in line with industry standards.
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