Noisy
← this week  ·  Subscribe →

The world is being quietly rearranged by people who write very long documents.

Federal Register · May 7, 2026
The title they went with Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule Noisy translates that to

Small banks can now share more board members with big banks

What happened
The US credit union regulator wants to raise the asset threshold for a rule that prevents people from serving on the boards of competing banks. This means more people can now sit on the boards of both large and small financial institutions at the same time.
Why it matters
The rule about shared board members was designed to prevent conflicts of interest and reduce the concentration of power in the financial sector. By raising the threshold, the regulator is effectively saying that banks up to $10 billion in assets are no longer considered 'major' enough to warrant the same level of scrutiny. This could lead to more interconnectedness between financial institutions, especially those just below the new threshold.
The signal
Watch for an increase in shared board members between credit unions and banks, especially those with assets between $1 billion and $10 billion.
If you insist
Read the original →