Regulatory Alerts2023-02-01 | 2023-02114FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo; Extension of Comment Period
The Federal Deposit Insurance Corporation (FDIC) has extended the public comment period for its proposed rulemaking on official sign and advertising requirements, false advertising, misrepresentation of insured status, and logo misuse. The agency is moving the deadline from February 21, 2023, to April 7, 2023, to provide stakeholders additional time to analyze the December 2022 proposal and submit written feedback. This extension applies to revisions implementing section 18(a) of the Federal Deposit Insurance Act, which update regulations governing how financial institutions display FDIC insurance status and use its name or logo.
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