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#2275996 - 09/26/22 02:52 PM Use of Member FDIC
SallyGirl Offline
Member
Joined: Aug 2014
Posts: 76
If the bank is advertising a line of credit to a consumer to be secured by an NDIP account, is the inclusion of Member FDIC in the ad prohibited?
Optional?

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#2275997 - 09/26/22 03:01 PM Re: Use of Member FDIC SallyGirl
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 80,358
Galveston, TX
IF you are advertising a loan, how is FDIC insurance involved? You are actually going to offer revolving margin accounts? I hope you know what you are getting yourself into.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2275998 - 09/26/22 03:08 PM Re: Use of Member FDIC SallyGirl
SallyGirl Offline
Member
Joined: Aug 2014
Posts: 76
LOC is for non Reg U purposes.

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#2275999 - 09/26/22 04:18 PM Re: Use of Member FDIC SallyGirl
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 80,358
Galveston, TX
Even still the monitoring is going to be a chore.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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