Four seminars – the first slated as a webinar May 30 – are planned by the Federal Deposit Insurance Corp. (FDIC) on the agency’s final rule governing banks’ use of the agency’s official sign and advertising statement on insured status and misrepresentations of said status.
Dates for the remaining three seminars – which are aimed at bank officers, employees and other “stakeholders” – will be announced later, the agency said in a notice Friday. FDIC staff will take questions via live chat and that all seminars will be held from 2-3:30 p.m. Eastern, it said.
The sessions will offer a broad overview of the final rule that amended Part 328 of the FDIC’s regulations. Effective since April 1, the final rule has a compliance date of Jan. 1, 2025.
During the presentation, it said, FDIC staff will cover:
- Requirements for all FDIC-insured institutions’ use of FDIC official signs. This includes 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 of deposit insurance coverage and misuse of the FDIC’s name and logo, which apply to any person, including banks and non-bank entities.
The FDIC said all four seminars will be hosted through MS Teams. To join the seminar, click on the MS Teams Live Event.