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Friday, June 14, 2024 | Back issues
Courthouse News Service Courthouse News Service

Cons Welcome At S & Ls

WASHINGTON (CN) - Employees of savings and loan holding companies who have been convicted of a crime involving dishonesty, breach of trust, or money laundering may keep their jobs until Sept. 30, under an Office of Thrift Supervision exemption that has been extended.

The exemption applies to convicts and those who went to diversion programs who already held positions at a savings and loan as of the enactment of Section 19(e) of the Federal Deposit Insurance Act.

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