Webinar Recording: Fair Hiring in Banking: Adapting to the FDIC’s Final Rule on Section 19 and Compliance Challenges

About the Program

On December 23, 2022, President Biden signed a law that, among other things, amended Section 19 of the Federal Deposit Insurance Act to reduce hiring barriers across the financial services sector. As a result of this “Fair Hiring in Banking Act,” the category of crimes for which a financial institution can outright reject a job applicant or terminate an employee has been significantly narrowed.

More recently, the Federal Deposit Insurance Corporation (FDIC) approved a final rule, effective October 1, 2024, to update its Section 19 regulations to conform to the Fair Hiring in Banking Act’s amendments. The amendments to Section 19 and the Final Rule will allow more individuals to work for regulated institutions without going through the Section 19 application process. 

In this micro-webinar, industry expert Jennifer Mora helps financial services companies navigate their Section 19 responsibilities, including the recent amendments to the FDIA and the FDIC’s regulations, while at the same time considering their obligations under any state and local employment laws that regulate employment screening.

Speakers

Jennifer Mora, Senior Counsel, Seyfarth Shaw LLP

Learn more about our Employment practice.

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If you have any questions, please contact Kate Stacey at kstacey@seyfarth.com and reference this event.

To comply with State CLE Requirements, CLE forms requesting credit in IL or CA must be received before the end of the month in which the program took place. Credit will not be issued for forms received after such date. For all other jurisdictions forms must be submitted within 10 business days of the program taking place or we will not be able to process the request.

Our live programming is accredited for CLE in CA, IL, and NY (for both newly admitted and experienced).  Credit will be applied as requested, but cannot be guaranteed for TX, NJ, GA, NC and WA. The following jurisdictions may accept reciprocal credit with our accredited states, and individuals can use the certificate they receive to gain CLE credit therein: AZ, AR, CT, HI and ME. For all other jurisdictions, a general certificate of attendance and the necessary materials will be issued that can be used for self-application. CLE decisions are made by each local board, and can take up to 12 weeks to process. If you have questions about jurisdictions, please email CLE@seyfarth.com.

Please note that programming under 60 minutes of CLE content is not eligible for credit in GA. programs that are not open to the public are not eligible for credit in NC.