Under a 1950 law, banks are barred from hiring anyone convicted of a crime of dishonesty or breach of trust. Banks, in some areas facing limited labor pools, say the restriction is too tight.
WASHINGTON—Over the past decade about 1,200 people with criminal records have asked the government to let them work at a bank—with more than 40% of requests rejected or unresolved. The banking industry wants to change that.
Under a 1950 law, banks are barred from hiring anyone convicted of a crime of dishonesty or breach of trust. The only way around the law is to get a waiver from the Federal Deposit Insurance Corp. Since 2008 it has approved around 57% of requests made by individuals petitioning on their own or with bank...
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The chances of a Brexit deal between Labour and Tories seem smallThe government and Labour's Brexit wish lists are not wildly different. But political considerations make an agreement unlikely
Read more »
Boy, 5, Thrown From Mall of America Balcony Is Making 'Small Steps Towards the Healing Process'5-year-old boy thrown from Mall of America balcony is making 'small steps towards the healing process'
Read more »
Not just a sloppy kiss, a wake-up call — and a reminder to chase small pleasuresMaybe it’s the spring air, maybe it’s the sweetness of Easter, but lately I seem to be on a small pleasure hunt. Damn the grief and the existential crises. Full speed ahead.
Read more »
Volkswagen's US CEO explains why he thinks America is ready for a small pickup truck againThe Volkswagen Tarok is a compact, car-based pickup trucks that may be perfect for those who live in an urban environment.
Read more »
The EU’s voting system will help small parties less than they thinkIn the European elections, the Tories and Labour face competition from a crowd of little parties
Read more »
Small-donor movement fuels 2020 DemocratsMore than half of the individual contributions to Democratic presidential contenders during the January-to-March fundraising period came in amounts of $200 or less. That's a striking reversal from previous campaigns.
Read more »
Why Democrats Are Falling Over Themselves To Find Small-Dollar DonorsWhy Democrats are falling over themselves to find small-dollar donors. Via FiveThirtyEight:
Read more »
Analysis | The Trump and Harris campaigns’ sketchy boasts about small-dollar contributionsBoth campaigns tout astonishing percentages of small donors. But it's not a standard calculation — and the reality is much less impressive.
Read more »