Bank deposit insurer’s ‘fair hiring’ proposal out for comment

Revisions to conform the agency’s regulations with the Fair Hiring in Banking Act (FHBA), enacted last December, are out for public comment until Jan. 16, according to a notice in the Federal Register Tuesday.

The Federal Deposit Insurance Corp. (FDIC) said the FHBA, among other things, excluded or exempted categories of otherwise-covered offense from the scope of statutory prohibitions on participation in banking. The measure also clarified several definitions in section 19 of the Federal Deposit Insurance Act (FDIA) and provided application-processing procedures. (The National Credit Union Administration (NCUA) has a similar proposal out for comment until Jan. 8.)

The FDIC issued its proposed rule during its Oct. 24 open meeting.

FDIC Board’s Oct. 24 actions

Reg Lookup: Fair Hiring in Banking