On December 2, the FDIC
updated its Q&As related to its final rule “FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC Name or Logo,” affecting 12 C.F.R. Part 328. The new Q&As address implementation, such as the use of digital signs and the placement of official signs in physical premises such as bank branches, as well as the use of the advertising statement on digital channels. This release built upon the first set of Q&As published this past July and a previous update in August (covered by InfoBytes
here). The FDIC noted it may host seminars in 2025 to support implementing the final rule. Issued in December 2023, the final rule went into effect on April 1 with a compliance date initially set for January 1, 2025. However, the compliance date was extended to May 1, 2025, to allow institutions more time to implement processes updates (covered by InfoBytes
here).
