FDIC Official Signs, Advertisement of Membership, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo

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AI Summary

The FDIC is amending its signage requirements for digital deposit-taking channels and ATMs. The changes provide additional flexibility to IDIs while enhancing consumer understanding of when funds are protected by FDIC insurance.

Texas Relevance

The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. The rule applies nationwide to all IDIs.

Original Content

The Federal Deposit Insurance Corporation (FDIC) is amending its signage requirements for insured depository institutions' (IDIs) digital deposit-taking channels and automated teller machines (ATMs) and like devices. This final rule is intended to address implementation issues and sources of potential confusion raised following the adoption of signage requirements for these banking channels in 2023. The final rule provides additional flexibility to IDIs while also enabling consumers to better understand when they are conducting business with an IDI and when their funds are protected by the FDIC's deposit insurance coverage.