Regulatory Report
Regulatory Report
  • The Fed
  • FDIC
  • OCC
  • NCUA
  • CFPB
  • Other
What's up
  • [ September 8, 2026 ] Cannabis businesses still having trouble obtaining banking services, report finds Other
  • [ September 4, 2026 ] Targeting order for currency transaction reporting by MSBs along Southwest Border renewed Other
  • [ September 4, 2026 ] FinCEN issues alert, seeks FI vigilance against digital asset investment scams Other
  • [ September 4, 2026 ] Economic activity rose in August, but ‘heightened uncertainty’ linked to energy prices, Iran war persists The Fed
  • [ September 3, 2026 ] Public banks’ annual financial disclosures should be reviewed by SEC, GAO decides; SEC says ‘not it’ FDIC
HomeFederal financial regulationFDICFDIC issues proposal to codify prohibition of false advertising, misleading representations of deposit insurance

FDIC issues proposal to codify prohibition of false advertising, misleading representations of deposit insurance

May 10, 2021 FDIC 0

A proposed rule to prohibit false advertising or misleading representations of deposit insurance, or using the Federal Deposit Insurance Corp. (FDIC) name or logo in a manner to imply an uninsured product is backed by the FDIC, is out for comment until July 9, according to a Federal Register notice published Monday.

Monday’s proposal, approved for issuance April 21 by notation vote of the FDIC Board, is different from the earlier request for information (RFI) on how the might revise and clarify its official sign and advertising rules related to FDIC deposit insurance. Rather, the proposed rule would describe the process the FDIC will follow in identifying and investigating conduct that may violate section 18(a)(4) of the Federal Deposit Insurance Act; the standards under which such conduct will be evaluated; and the procedures the FDIC will follow when formally and informally enforcing the provisions of section 18(a)(4) of the Federal Deposit Insurance Corporation Act (FDICA).

The agency notes that Section 18(a)(4) of the FDICA prohibits any person from misusing the name or logo of the Federal Deposit Insurance Corporation (FDIC) or from engaging in false advertising or making knowing misrepresentations about deposit insurance.

The agency has noted an increase in the number of incidences “where people or entities have misused the FDIC’s name or logo or have made misrepresentations that would falsely suggest to the public that their products are FDIC-insured.”

Federal Register notice

RR: FDIC reissues RFI on official sign and advertising rules, plans proposed rule addressing misuse of FDIC sign, logo (April 8, 2021)

Related

Today

  • New FAQs focus on permissible use of state-issued mobile drivers’ licenses for customer ID verification

    September 8, 2026 0
    Financial institutions may use state-issued mobile driver’s licenses (mDLs) and other government-issued digital credentials for ID verification under the Bank Secrecy Act (BSA)/anti-money laundering (AML) customer ID program (CIP) rule, federal regulators said Tuesday. Treasury’s Financial Crimes Enforcement Network (FinCEN) [...]
  • Cannabis businesses still having trouble obtaining banking services, report finds

    September 8, 2026 0
    Banks still hesitate to provide services to cannabis businesses due to legal issues and costs, according to a report issued Tuesday by the congressional watchdog. And, according to the Government Accountability Office (GAO), although more banks have started serving the [...]
  • Targeting order for currency transaction reporting by MSBs along Southwest Border renewed

    September 4, 2026 0
    A geographic targeting order (GTO) requiring money services businesses (MSBs) along the Southwest Border to file additional currency transaction reports (CTRs) was renewed and accompanied by updates to frequently asked questions. The order, issued by Treasury’s Financial Crimes Enforcement Network [...]
  • 2 banks rated ‘needs to improve,’ 2 ‘outstanding’ in FDIC’s latest CRA ratings list

    September 4, 2026 0
    Of the 37 banks that received evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in June, two were rated “needs to improve” and two were deemed “outstanding,” their federal regulator said. The Federal Deposit Insurance Corp. (FDIC) list shows [...]
  • FinCEN issues alert, seeks FI vigilance against digital asset investment scams

    September 4, 2026 0
    Financial institutions are urged to be vigilant against digital asset investment scams perpetrated by overseas scam centers in a recent alert from Treasury’s financial crimes enforcement arm. The Financial Crimes Enforcement Network (FinCEN), in a release Thursday, pointed to a [...]
  • Economic activity rose in August, but ‘heightened uncertainty’ linked to energy prices, Iran war persists

    September 4, 2026 0
    Economic activity increased, slightly to moderately, in 10 to 12 Federal Reserve districts since early July through August, the agency said Wednesday in its latest semi-monthly report on economic conditions. However, the Beige Book also noted, although the general economic [...]

Resources

  • About
  • Get our daily reports
    • Registration
  • Password Reset
  • Reg lookup
  • Profile

Follow @editorregreport

  • The Fed
  • FDIC
  • OCC
  • NCUA
  • CFPB
  • Other

Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info