Van Hollen, Velazquez Urge Regulators to Crack Down on Bank Executive Pay Schemes that Incentivize Risk
May 15, 2024
May 15, 2024
WASHINGTON, May 15 -- Sen. Chris Van Hollen, D-Maryland, issued the following news release:
Today, U.S. Senator Chris Van Hollen (D-Md.) and Congresswoman Nydia Velazquez (D-N.Y.) urged financial regulators to finalize actions to prohibit compensation arrangements for executives of large financial institutions that encourage reckless decision-making. This long over-due rulemaking required by Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) an . . .
Today, U.S. Senator Chris Van Hollen (D-Md.) and Congresswoman Nydia Velazquez (D-N.Y.) urged financial regulators to finalize actions to prohibit compensation arrangements for executives of large financial institutions that encourage reckless decision-making. This long over-due rulemaking required by Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) an . . .