The Federal Deposit Insurance Corporation (FDIC) is close to finalizing revisions to regulations regarding Section 19 of the Federal Deposit Insurance Act to align them with the Fair Hiring in Banking Act (FHBA), which eased...more
Recently enacted changes to Section 19 of the Federal Deposit Insurance Act (Section 19) eased the restrictions on financial institutions when hiring individuals with criminal records, but the changes left some open questions...more
Included in the defense spending bill signed by President Biden in December 2022 is a section with key provisions for financial institutions that will ease restrictions on hiring candidates with criminal records....more
1/27/2023
/ Background Checks ,
Banking Sector ,
Consent ,
Criminal Background Checks ,
Criminal Records ,
De Minimus Doctrine ,
Expungement ,
FDIA ,
FDIC ,
Final Rules ,
Financial Institutions ,
Hiring & Firing ,
NDAA ,
Preemption ,
Waivers