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Federal Deposit Insurance Corporation › Criminal Convictions

The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s.  The FDIC's mission is to maintain... more +
The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s.  The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships.  less -
Dorsey & Whitney LLP

The Supreme Court Update - March 21, 2025

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The Supreme Court of the United States issued two decisions on March 21st: Delligatti v. United States, No. 23-825: This case interprets 18 U.S.C. § 924(c), which imposes a five-year mandatory minimum sentence when a...more

Jackson Lewis P.C.

FDIC Revises Section 19 Regulations for Institutions Hiring Persons Convicted of Certain Crimes

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The Federal Deposit Insurance Corporation (FDIC) has revised its regulations on Section 19 of the Federal Deposit Insurance Act to conform with the previously enacted Fair Hiring in Banking Act (FHBA). The FHBA paved the way...more

Orrick, Herrington & Sutcliffe LLP

FDIC updates regulations that prohibited employment in banking

Orrick, Herrington & Sutcliffe LLP on

On July 30, the FDIC released an overview of changes to federal regulations prohibiting individuals convicted of certain crimes from working in the banking industry. The revisions were made to conform with the Fair Hiring in...more

Littler

The FDIC Proposes Revised Regulations Concerning Section 19 of the Federal Deposit Insurance Act to Conform to the Fair Hiring in...

Littler on

On November 14, 2023, the Federal Deposit Insurance Corporation (FDIC) published proposed revised regulations concerning Section 19 of the Federal Deposit Insurance Act, 12 U.S.C. § 1829 (“Section 19”), to conform with the...more

Jackson Lewis P.C.

New National Defense Authorization Act Expands ‘Fair Chance’ Initiatives to Covered Finance Institutions

Jackson Lewis P.C. on

Covered financial institutions (such as banks and credit unions) have been swept into a new “fair chance” initiative designed to further reduce barriers to individuals with certain convictions....more

Jackson Lewis P.C.

FDIC Revises Federal Deposit Insurance Act Section 19 Regulations

Jackson Lewis P.C. on

Federal Deposit Insurance Corporation (FDIC) changes to its interpretation of Section 19 of the Federal Deposit Insurance Act will affect the hiring practices and affirmative action obligations of the financial institutions...more

Dorsey & Whitney LLP

The Supreme Court - February 25, 2020

Dorsey & Whitney LLP on

Today, the Supreme Court of the United States issued the following four opinions: Rodriguez v. FDIC, No. 18-1269: The Internal Revenue Service (“IRS”), under its statutes and regulations, allows an affiliated group of...more

Seyfarth Shaw LLP

Revisions Planned For The FDIC’s Statement Of Policy For Section 19 Of The Federal Deposit Insurance Act

Seyfarth Shaw LLP on

Seyfarth Synopsis: The FDIC is accepting comments until March 9, 2018 on the proposed revisions to the Statement of Policy for Section 19 of the Federal Deposit Insurance Act; the FDIC is seeking, among other things, to...more

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