Webinar for Bank Officers, Employees, and Other Stakeholders on FDIC Official Signs and Advertising, Misrepresentations of Insured Status, and Misuse of FDIC’s Name or Logo
In 2024, the FDIC hosted a series of webinars for bank staff, bank officers, and other stakeholders on the FDIC’s final rule governing use of Official Signs and Advertising Statement, Misrepresentations of Insured Status, and Misuse of FDIC’s Name or Logo (final rule). The webinars offered an overview of the new final rule that amended Part 328 of the FDIC’s regulations to reflect how depositors do business with banks today, including through digital and mobile channels. The final rule is also intended to help consumers understand when they are interacting with an FDIC-insured bank and when their funds are protected by the FDIC’s deposit insurance coverage. The first webinar was held on May 30, 2024, the second webinar was held on July 31, 2024, and the third webinar was held on October 16, 2024.
The rule became effective on April 1, 2024. The compliance date related to the final rule governing the use of the official FDIC signs and advertising statements, subpart A of part 328, has been extended to May 1, 2025. The compliance date related to the final rule’s amendments made to the prohibitions against misrepresentations of deposit insurance coverage, subpart B of part 328 remains January 1, 2025. The sessions are ideal for bank employees and other Part 328 stakeholders looking for further information and guidance on the new final rule; slides and recordings of the webinars can be found below.
PRESENTATION SLIDE DECK:
May 30th Banker Seminar:
FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo
July 31st Banker Seminar:
FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo
October 16th Banker Seminar:
FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo
HOST:
Federal Deposit Insurance Corporation (FDIC)
WHAT:
The FDIC hosted three webinars in 2024 on the final rule governing FDIC Official Signs and Advertising, Misrepresentations of Insured Status, and Misuse of FDIC’s Name or Logo (final rule) for bank officers, staff, and other stakeholders.
During the presentation on the final rule, FDIC staff covered the:
- Requirements regarding all FDIC-insured institutions’ use of FDIC official signs, including a new FDIC official digital sign for bank websites, apps, and ATMs, as well as updates to the advertising statement.
- Clarifications on the prohibitions against misrepresentations regarding deposit insurance coverage and misuse of the FDIC’s name and logo, which apply to any person, including banks and non-bank entities.
AUDIENCE:
Bank officers, staff, and other stakeholders.