5 Jun 2025
📄Federal Reserve Announces New Hire Information Collection Updates
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Summary
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision, the New Hire Information Collection (FR 27; OMB No. 7100-0375).
Agencies
- Federal Reserve System
Business Impact
$$ - Med
The notice indicates significant changes in the New Hire Information Collection process overseen by the Federal Reserve, which impacts compliance for businesses hiring new employees. The transition to electronic data collection requires businesses to adapt their onboarding processes, particularly if they are in sectors interacting with federal agencies.