Thresholds Increase for the Major Assets Prohibition of the Depository Institution Management Interlocks Act Rule
Key claim: The NCUA proposes raising both major assets prohibition thresholds under DIMIA to $10 billion to reflect changes in the U.S. banking market since 1996, and would remove a presumption favoring minority- or women-controlled depository institutions.
Abstract
(Proposed Rule · National Credit Union Administration) The NCUA Board (Board) is seeking comment on a proposed rule that would increase two thresholds in its regulation implementing management official interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA). DIMIA provides that the NCUA may adjust, by regulation, the major assets prohibition thresholds to allow for inflation or market changes. This proposal would increase both major assets prohibition thresholds to $10 billion to account for changes in the United States banking market since 1996. Additionally, the proposal would remove a presumption related to depository institutions controlled or managed by persons who are members of a minority group or women.
Why this matters
The proposal continues a 2026 trend of removing race- and gender-conscious presumptions embedded in federal financial and economic regulation, affecting minority- and women-controlled depository institutions that had used the interlocks presumption to share experienced directors. Separately, the threshold increase materially narrows DIMIA’s reach, an incremental banking-market update with limited direct civil rights implications but notable for bundling the two changes in a single rulemaking.