COMPLIANCE CLASS
FDIC Advertising Rules
On January 18 of 2024, the FDIC published in the Federal Register updated rules on the use of its official sign as well as its rules for advertising of membership. This final rule is the first real revision since 2006 and applies to all “Insured Depository Institutions” (i.e. banks that have FDIC Insurance).
The FDIC's official sign and advertising statement regulations are set forth in subpart A to 12 CFR part 328 of the FDIC’s rules. The FDIC's official sign and advertising statement regulations require “insured depository institutions” to continuously display the FDIC official sign where insured deposits are usually and normally received in the bank's principal place of business and at all of its branches and to use an official advertising statement, such as “Member FDIC,” when advertising deposit products and services, with few exceptions.
In the final rule, the regulators have reissued all of Subpart A, updating it for current technology and electronic delivery channels. While the FDIC official signs and advertising of membership rules may have sometimes been an afterthought for banks, the new final rule requires a number of changes, including a new digital sign for electronic media as well as a requirement for banks to establish policies and procedures relating to the FDIC’s official sign and advertising rules. As these long anticipated changes are now finally here, it is important that banks fully understand how the FDIC rules apply to their organizations.
Our FDIC Advertising Rules class is designed to equip financial professionals with an understanding of the new FDIC advertising final rule and how it is going to affect their bank. Our program begins with an introduction and background of the FDIC’s official signs and advertising of membership rules. Next, the instructor reviews Subpart A of the FDIC final rule in detail, while highlighting the elements of Subpart B that changed in the final rule.
The goal of this program is to outline how the FDIC’s update official sign and advertising of membership rules apply to banks.
Who Should Attend This Program?
This program would be good for marketing professionals, Compliance Officers, risk managers, and auditors.
NOTE: Our FDIC Advertising Rules program will NOT be submitted to ABA for preapproval of continuing education credits. For those looking for CRCM/CERP continuing education credits, our Spring 2024 Quarterly Compliance Update includes our FDIC Advertising Rules program in entirety, and is also pre-approved for CRCM/CERP CE credits. You can learn more about our Spring 2024 Quarterly Compliance Update class by clicking here.
Class Pricing
Regular: $349
ADD ON: “+ Unlimited” - Add a private portal for anyone in your organization to view this program for an additional $129. Access is still available for 60 days, so those in your organization must view the program during your 60 day access window. Limit of 5 total Certificates of Attendance, though anyone in your organization can view the program through the portal we set up. You will be contacted with information on the private portal sometime after purchase.
NOTE: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.