The FDIC proposed amendments to the Federal Deposit Insurance Act to allow certain individuals who have prior convictions to work for FDIC-insured financial institutions.
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In a Financial Institution Letter, the FDIC highlighted changes made to the Federal Deposit Insurance Act as to prohibitions on bank employment of an individual who has been convicted of an offense relating to dishonesty, breach of trust or money laundering.
The FDIC Office of Minority and Women Inclusion encouraged banks with 100 or more employees to participate in a "Financial Institution Diversity Self-Assessment."
The FDIC named M. Anthony Lowe the new Director of the Office of the Ombudsman.
Federal banking agencies provided information on how their respective regulated financial institutions can submit self-assessments of diversity policies and practices that were in effect at the end of 2015.