FDIC Advertising & Signage rule changes

from The Compliance 911 Show Hosted by Dean Stockford - Len Suzio

In this podcast, Dean Stockford and Len Suzio discuss the recent FDIC Advertising and Signage rule changes, which took effect on April 1, 2024, and aim to modernize compliance requirements to align with digital banking practices. Dean highlights the importance of these updates, which include modernized signage rules for branches, digital platforms, and ATMs, disclosures distinguishing insured deposits from non-deposit products, and mandatory written policies for compliance. The rule also addresses misrepresentations about FDIC insurance by IDIs and non-bank entities, clarifying disclosure requirements to prevent consumer confusion. With a mandatory compliance date of May 1, 2025, Dean urges institutions to act promptly to ensure compliance. Brought to you by GeoDataVision and M&M Consulting

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FDIC Advertising & Signage rule changes

0:00 16:10

Chapters

0:10 Introduction to Compliance 911
0:31 FDIC Advertising Changes Overview
1:56 Clarifications on Regulations
6:55 New Compliance Requirements
11:08 Effective Dates and Compliance Deadlines
14:35 Importance of Written Policies
15:00 Conclusion and Thanks

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This episode is 16 minutes long.

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This episode was published on December 4, 2024.

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