FDIC Provides Additional Clarification Regarding Changes to Background Screening Requirements
The FDIC has issued a summary of changes regarding recent amendments to Section 19 of the Federal Deposit Insurance Act, which establishes hiring and background screening regulations for FDIC-member banks.
Notable changes to Section 19 include updates to hiring requirements regarding:
- Exclusion of certain older offenses;
- De minimis offenses that do not require an application;
- Crimes excluded from the definition of criminal offenses involving dishonesty;
- Expunged, sealed, and dismissed offenses;
- FDIC review of Section 19 applications; and
- FDIC actions related to the changes.
Source: Federal Deposit Insurance Corporation
Resources published by Business Information Group
Business Information Group recently published a comprehensive White Paper covering the Fair Hiring in Banking Act, discussing important amendments to background checks in the banking industry.
If you have any questions about this topic, please contact your BIG account manager or sales executive.
Posted: March 16, 2023
All Rights Reserved © 2023 Business Information Group, Inc.
This document and/or presentation is provided as a service to our customers. Its contents are designed solely for informational purposes, and should not be inferred or understood as legal advice or binding case law, nor shared with any third parties. Persons in need of legal assistance should seek the advice of competent legal counsel. Although care has been taken in preparation of these materials, we cannot guarantee the accuracy, currency or completeness of the information contained within it. Anyone using this information does so at his or her own risk.
What our clients are saying
We cannot express enough how much we have enjoyed working with BIG! It has really benefitted our processing and ease of doing business!
I enjoy collaborating with BIG, and know that if I have to reach out with a question/concern, a positive attitude with a willingness to find resolve is on the other side of an email or a phone call.
You have been the most professional and most helpful business partner that I have ever been associated with — always there to assist us and with rapid turnaround times.
I am confident whenever we add a product with your company that I will have a good experience.
We have received superior service and we know this is what you and your team strive for. We are grateful for the dedication, level of professionalism and effort shown.