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Federal Deposit Insurance Corporation › De Minimis Claims

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 -
Ogletree, Deakins, Nash, Smoak & Stewart,...

New Changes to Section 19 Raise Questions for De Minimis Offenses, Regulation Z

Ogletree, Deakins, Nash, Smoak & Stewart,... on

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

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

FDIC Issues Final Rule to Codify Section 19’s Policy on Hiring Individuals with Convictions for Minor Criminal Offenses

Seyfarth Shaw LLP on

Seyfarth Synopsis: On July 24, 2020, the Federal Deposit Insurance Corporation issued a final rule that codifies the FDIC’s Statement of Policy (SOP) related to Section 19 and makes several important changes to the SOP. The...more

Morgan Lewis - All Things FinReg

FDIC Eases Bank Restrictions on Job Applicants with Prior Criminal Convictions

Morgan Lewis - All Things FinReg on

The Federal Deposit Insurance Corporation (FDIC) announced on July 24 the approval of a final rule that will ease restrictions on banks’ hiring process for individuals with certain criminal offenses on their records. ...more

Vedder Price

Update: When Are Section 19 Application Required?

Vedder Price on

On November 1, 2018, the Federal Deposit Insurance Corporation (the “FDIC”) issued modifications to its Statement of Policy (“SOP”) for applications made under Section 19 of the Federal Deposit Insurance Act (“FDIA”). The...more

Littler

FDIC Loosens Restrictions on Hiring Bank Personnel with Criminal Histories

Littler on

The Federal Deposit Insurance Corporation (FDIC) recently published its final rule on modifications to the Statement of Policy (SOP) for Section 19 of the Federal Deposit Insurance Act, 12 U.S.C. § 1829 (“Section 19”), which...more

Stinson LLP

FDIC's Modification of Section 19 to Provide Some Regulatory Relief

Stinson LLP on

On Monday, August 20, 2018, the FDIC modified its Statement of Policy for Section 19 of the Federal Deposit Insurance Act (12 U.S.C. § 1829). ...more

Seyfarth Shaw LLP

FDIC Publishes Final Rule On Modifications To Statement Of Policy For Section 19 Of The Federal Deposit Insurance Act

Seyfarth Shaw LLP on

Seyfarth Synopsis: On August 3, 2018, the FDIC published its final rule on modifications to the Statement of Policy for Section 19 in an attempt to reduce the number of low risk criminal offenses that result in preclusion of...more

Katten Muchin Rosenman LLP

Corporate and Financial Weekly Digest - October 25, 2013

Katten Muchin Rosenman LLP on

In this issue: - SEC Proposes New Rules for Crowdfunding Exemption - CFTC Provides Clarification for SD and MSP Employees Acting in Clerical or Ministerial Capacities - CFTC Requests Public Comment on MAT...more

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