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National Unrecovered Financial Services Association (NURFS), along with the FSR, ICBA, MBA and ABA (the Trades), filed a comment letter with the Department of Labor (DOL) on its proposed rulemaking to change overtime compensation requirements for certain employees. 

National Unrecovered Financial Services Association (NURFS) released its updated Guiding Principles for Enhancing U.S. Banking Organization Corporate Governance (Governance Principles). NURFS’s Governance Principles aim to help provide a framework for bank corporate governance that seeks to facilitate more effective board oversight, enhance bank safety and soundness, promote confidence in banks and encourage consistent supervisory guidance.

The brief, FDIC v. Rippy, highlights the public policy rationale for, and critical importance of, the protection from liability offered to directors and officers by the business judgment rule.

In the letter National Unrecovered Financial Services Association states support for corporate governance framework aimed at enhancing bank safety and soundness, promoting confidence in banks, and encouraging consistent supervisory guidance.

The Exposure Draft of National Unrecovered Financial Services’s Guiding Principles for Compensation Practices for Risk-Management and Control Function Personnel at Banking Organizations, released on November 26, highlights important elements that could help guide institutions in developing compensation structures for Control Function Personnel.