The FDIC said today that it will begin using electronic fingerprints in background checks where required for applications for federal deposit insurance, replacement of board members and senior management and other procedures. The new fingerprinting process will launch during the second quarter of 2018. Under the new electronic fingerprinting process, individuals will be able to have their fingerprints taken at more than 1,000 collection sites nationwide.
As part of background checks required for proposed directors, officers and shareholders with a 10 percent or more stake in an insured bank, the FDIC may request fingerprints to verify identity with the FBI, although FDIC rules state that such checks may be waived for individuals already or previously associated with an insured depository institution.
