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US regulator gives banks more leeway to hire people with minor criminal records
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WASHINGTON – A U.S. bank regulator approved a new rule on Friday that will make it easier for banks to hire individuals with minor criminal records, expanding the pool of potential candidates and leveling the playing field for aspiring bank workers.
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The Federal Deposit Insurance Corporation’s new rule aims to reduce the hurdles for candidates with records of minor criminal offenses, typically those that carry a sentence of less than one year, agency officials told Reuters.
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