FDIC Signage
Changes are coming with respect to how you advertise FDIC insured and non-FDIC insured products. The changes are housed in Part 328 (Subpart A) – FDIC Official Signs and Advertisement of Membership and were originally set to take effect January 1, 2025, however that has since been delayed to May 1, 2025. While the temporary reprieve is nice, that doesn’t mean you should slow down your implementation efforts. You will likely need to make changes to signage on your institution’s premises, on your ATMs and any of your digital deposit taking channels. As it relates to the premises, you will still be required to display the 7” x 3”, gold and black official sign, however, if you offer non-deposit products like insurance, investments, etc., there are some additional considerations related to signage.
Jerod explains more in the video.
2024/12/03
Jerod Moyer
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!