FDIC Proposes Update to Policy on Banking Participation by Convicted Individuals

Summary

The FDIC is seeking public comments on a proposed update to its policy on allowing individuals with certain convictions to participate in the banking industry, as mandated by the Financial Institutions Reform, Recovery and Enforcement Act of 1989 and the Comprehensive Thrift and Bank Fraud Prosecution and Taxpayer Recovery Act of 1990.

Original source language: Federal Register — Federal Deposit Insurance CorporationOpen original release →

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