FDIC Notice of Proposed Rule-making Modernizing Signage

Posted: Dec 21 2022

The FDIC has approved a notice of proposed rule-making (NPR) to amend regulations that govern the use of the official FDIC sign and advertising statements created by banks and financial service providers. The FDIC last made major changes to their rules for signage in 2006.

The proposed rule clarifies long-sought scenarios where information about deposit insurance coverage may be misleading or confusing to consumers, and whether consumer funds are, in fact, protected by deposit insurance. Comments to the proposal are due 60 days after the publication of the proposal in the Federal Register.

To read more, visit: https://www.fdic.gov/news/board-matters/2022/2022-12-13-notice-dis-b-mem.pdf