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Fair Hiring in Banking Act

FDIC · final-rule · Published 2024-08-07 · Effective 2024-10-01 · 89 FR 64353

Document

Document number
2024-17327
Federal Register citation
89 FR 64353
CFR reference
12 CFR 303
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
2024-08-07
Effective date
2024-10-01

Abstract

The Federal Deposit Insurance Corporation (FDIC) is revising its regulations to conform with the Fair Hiring in Banking Act (FHBA)-- which was enacted on and immediately effective as of December 23, 2022. Among other provisions, the FHBA excluded or exempted categories of otherwise-covered offenses from the scope of statutory prohibitions on participation in banking. These categories pertain to certain older offenses, offenses committed by individuals 21 or younger, and relatively minor offenses. The FHBA also clarified several definitions in section 19 and provided application-processing procedures. The FDIC considers most of the revisions to its regulations to be required by the FHBA. Most other revisions reflect the FDIC's interpretation of statutory prohibitions in light of the FHBA.

Source

Authoritative
Federal Register document
Machine
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