12 C.F.R. § 336.5
Minimum standards for employment with the FDIC
(a) No person who is employed by the FDIC shall continue in employment in any manner whatsoever or perform any service for or on behalf of the FDIC who, beginning June 18, 1994 and thereafter:
(1) Is convicted of any felony;
(2) Is prohibited from participating in the affairs of any insured depository institution pursuant to any final enforcement action by any appropriate federal banking agency;
(3) Demonstrates a pattern or practice of defalcation regarding obligations to insured depository institution(s); or
(4) Causes a substantial loss to federal deposit insurance funds.
(b) Any noncompliance with the standards listed in paragraphs (a)(1) through (4) of this section is a basis for removal from employment with the FDIC.
Notes of Decisions
Cited in 1
case, 2015–2015 · leading case: Paul D. Jonson v. Fed. Deposit Ins. Corp., 2015 MSPB 36 (MSPB 2015).
Paul D. Jonson v. Fed. Deposit Ins. Corp., 2015 MSPB 36 (MSPB 2015). “56 , ¶ 2; 12 C.F.R. § 336.5 (a)(3). A pattern or practice of defalcation is defined in the regulations, in pertinent part, as “[a] history of financial irresponsibility with regard to debts owed to insured depository institutions which are in default in excess of $50,000 in the…”
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