On April 8, BPI submitted a letter to the House Financial Services Committee urging the committee to review and amend section 19 of the Federal Deposit Insurance Act (12 U.S.C. §1829). Section 19 creates certain impediments to banks’ ability to hire individuals who, notwithstanding some prior criminal record, have rehabilitated themselves and pose no risk to the safety and soundness of their employer.
The letter can be accessed by clicking the download link below.
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