I plead guilty to a misdemeanor in 2010 (shoplifting). Generally 7 years is enough for the misdemeanor to fall off the record and not show up on typical background checks. I recently applied for a position at a financial institution. Apparently the law was changed in 2012 so background checks covers your entire life.
My question is: My crime did not involve a value over $2500, I did no jail time, and was sentenced to 40 hours of community service. So am I eligible for this position, or is my background going to disqualify me?
Side note: I reside in the US.