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

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