Section 19 of the Federal Deposit Insurance Act prohibits any person who has been convicted of any criminal offense involving dishonesty or a breach of trust or money laundering, or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution, from becoming or continuing as an institution-affiliated party; owning or controlling, directly or indirectly, an insured institution; or otherwise participating, directly or indirectly, in the conduct of the affairs of an insured institution without the prior written consent of the FDIC. Note that consultants who participate in the conduct of the affairs of an insured institution may be subject to Section 19. Therefore, a pre-employment background screening process should be established by all financial institutions that, at a minimum, uncovers information regarding a job applicant's convictions and program entries to ensure that only appropriate persons are employed, or that an application for FDIC consent is sought, if applicable.
The Federal Deposit Insurance Corporation Improvement Act passed in 1991
The FDICIA was the Federal Deposit Insurance Corporation Improvement Act
That is the Federal Deposit Insurance Corporation which was created by the Banking Act of 1933. It insures each depositor's account for up to $250,000 in the event of bank failure and supervises banks for soundness and safety.
The FDIC was esablished as part of the Banking Act of 1933 under Franklin D. Roosevelt's New Deal. FDIC is an abbreviation for Federal Deposit Insurance Corporation.
Federal Insurance Contribution Act.
The Federal Deposit Insurance Corporation Improvement Act passed in 1991
Glass-Steagall Banking Act
Federal Deposit Insurance Corporation
The FDICIA was the Federal Deposit Insurance Corporation Improvement Act
The Federal Deposit Insurance Corporation was established by Roosevelt in the Glass-Steagall Act. This Act insured deposits up to $2500 and reduced the number of bank closings in 1934.
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation(FDIC) in the 1930's.
Federal Insurance Contribution Act The word FICA stands for "Federal Insurance Contributions Act."
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The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC insures deposits at over 7500 institutions across the United States
The Emergency Banking Act no longer exists, however elements of the act were included in the 1933 Banking Act. It's also one of the things that ultimately led to the Federal Deposit Insurance Corporation.