Regulatory Alerts2022-12-21 | 2022-27349FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC Name or Logo
The Federal Deposit Insurance Corporation proposes to modernize regulations governing the display of official FDIC signs and advertising statements for insured depository institutions across traditional and digital banking channels. The rule clarifies requirements for accurately representing deposit insurance coverage, particularly regarding fintech partnerships, non-deposit products like crypto-assets, and evolving remote service facilities. By mandating clear disclosures and updated compliance procedures, the proposal aims to prevent consumer confusion regarding whether funds are FDIC-insured while maintaining marketing flexibility for financial institutions.
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