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Fed, OCC Urged To Create 'Unaffiliated' Director Rule For Banks

By Jon Hill (February 8, 2024, 10:27 PM EST) -- The Federal Reserve Board and Office of the Comptroller of the Currency were petitioned Thursday to issue new rules mandating that large banks appoint at least some outside, independent directors to their boards as a safeguard against conflicted decision-making within big corporate families....

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