05 Mar 2024
FDIC's New Advertising and Signage Rule
The Federal Deposit Insurance Corporation (FDIC) recently amended rules governing the use of FDIC signage, advertising statements, and insurance coverage misrepresentation. This article provides a comprehensive analysis of the changes to Subpart B of 12 CFR Part 328 and includes clarification of coverage for non-deposit products and the inapplicability of FDIC insurance coverage for financial products such as crypto assets.
Related Content
- Federal Deposit Insurance Corporation
Explore the role of the FDIC and its functions in the U.S. financial regulatory system. This practice note provides an overview of the FDIC and its role as an insurer of deposits for banks and savings associations, as examiner and supervisor of state-chartered institutions that are not members of the Federal Reserve System, and in managing receiverships of failed insured institutions.
- Federal Deposit Insurance Corporation's Role after Failure of an Insured Depository Institution
Access this practice note for a discussion of the FDIC’s role in the event of an insured depository institution’s failure. The note discusses the receivership function and the closing process of the FDIC.
- Depository Institution Organization and Formation State Law Survey
Understand the key requirements for the organization and formation of state-chartered depository institutions in this state law survey.
- Crypto Coverage After FTX Fall: Crime and Custody Coverage
Read this Law360 article exploring the FDIC’s prohibition from representing that an uninsured product is FDIC insured. The article provides key analysis on the potential cryptocurrency exposure and the applicability of FDIC and traditional insurance policies.
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