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Criminal Convictions Financial Institutions Federal Deposit Insurance Corporation

Jackson Lewis P.C.

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

Jackson Lewis P.C. on

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

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

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

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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