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Comments due on FDIC RFI on Advertising of Membership

04/20/2020
Status: 

The FDIC has announced that it is seeking the public's input on potential modernization of its signage and advertising requirements to better reflect how banks and savings associations currently operate and how consumers use banking services. Banks are transforming their business models to take deposits via physical branches, digital, and mobile banking channels.

Given the changes in the marketplace since the FDIC last significantly updated these rules in 2006, the FDIC is gathering public input from a broad range of stakeholders about how it might revise and clarify its official sign and advertising rules to reflect the changes and support the industry's efforts to understand, apply, and comply with the FDIC's rules.

Comments on the FDIC's Request for Information must be received by March 19, 2020.

UPDATE: Published on February 26, 2020, at 85 FR 10997. On March 11, 2020, the FDIC announced that the comment period has been extended through April 20, 2020.

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