Data / Federal rules / 2024-17327
Fair Hiring in Banking Act
The Federal Deposit Insurance Corporation published this final rule in the Federal Register on August 7, 2024. It took effect on October 1, 2024.
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What the agency says
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.
Key facts
- Document number
- 2024-17327
- Type
- Final rule
- Action
- Final rule
- Agency
- Federal Deposit Insurance Corporation
- Published
- August 7, 2024
- Takes effect
- October 1, 2024
- Dates
- rule will be effective on October 1, 2024.
- Regulation ID (RIN)
- 3064-AF92
- Code of Federal Regulations
- 12 CFR 303; 12 CFR 308
- Topics
- Administrative practice and procedure; Bank deposit insurance; Banks, banking; Claims; Crime; Equal access to justice; Fraud; Investigations; Lawyers; Penalties; Reporting and recordkeeping requirements; Savings associations
- Pages
- 15
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Everything from the Federal Deposit Insurance Corporation · Rules on administrative practice and procedure · Rules on bank deposit insurance · Rules on banks, banking · Published in August 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.