FDIC Chairman McWilliams Issues Statement on Federal Deposit Insurance Act
November 19, 2019
November 19, 2019
WASHINGTON, Nov. 19 -- The Federal Deposit Insurance Corporation issued the following statement by Chairman Jelena McWilliams on the Federal Deposit Insurance Act:
"Section 19 of the Federal Deposit Insurance Act (FDI Act) prohibits, without the prior written consent of the Federal Deposit Insurance Corporation (FDIC), any person who has been convicted of certain types of crime from working at a bank. In 1998, the FDIC issued a Statement of Policy (SOP) providing guidance to th . . .
"Section 19 of the Federal Deposit Insurance Act (FDI Act) prohibits, without the prior written consent of the Federal Deposit Insurance Corporation (FDIC), any person who has been convicted of certain types of crime from working at a bank. In 1998, the FDIC issued a Statement of Policy (SOP) providing guidance to th . . .