Rule2025-03790
FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo
Primary source
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Published
March 11, 2025
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
On December 20, 2023, the FDIC adopted a final rule that, among other things, amended the FDIC's sign and advertisement of membership requirements for insured depository institutions (IDIs). The amendments made by the final rule took effect on April 1, 2024; however, full compliance with the amendments was delayed to January 1, 2025. On October 22, 2024, full compliance with the amendments to the sign and advertisement of membership requirements contained in the final rule was delayed to May 1, 2025. The FDIC is further postponing the compliance date for the requirement to display the FDIC official digital sign on an IDI's digital channels, as well as on the screen of an IDI's automated teller machine (ATM) and like devices, to March 1, 2026. During this time, the FDIC will continue to review the feedback received regarding implementation issues and potential consumer confusion that may result from requirements related to the display of the digital sign. After completing its review, the FDIC expects to propose changes to the regulation to address implementation concerns and potential sources of confusion.
Full Text
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<title>Federal Register, Volume 90 Issue 46 (Tuesday, March 11, 2025)</title>
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[Federal Register Volume 90, Number 46 (Tuesday, March 11, 2025)]
[Rules and Regulations]
[Pages 11659-11660]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03790]
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FEDERAL DEPOSIT INSURANCE CORPORATION
12 CFR Part 328
RIN 3064-AF26
FDIC Official Signs and Advertising Requirements, False
Advertising, Misrepresentation of Insured Status, and Misuse of the
FDIC's Name or Logo
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Final rule; delay of compliance date.
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SUMMARY: On December 20, 2023, the FDIC adopted a final rule that,
among other things, amended the FDIC's sign and advertisement of
membership requirements for insured depository institutions (IDIs). The
amendments made by the final rule took effect on April 1, 2024;
however, full compliance with the amendments was delayed to January 1,
2025. On October 22, 2024, full compliance with the amendments to the
sign and advertisement of membership requirements contained in the
final rule was delayed to May 1, 2025. The FDIC is further postponing
the compliance date for the requirement to display the FDIC official
digital sign on an IDI's digital channels, as well as on the screen of
an IDI's automated teller machine (ATM) and like devices, to March 1,
2026. During this time, the FDIC will continue to review the feedback
received regarding implementation issues and potential consumer
confusion that may result from requirements related to the display of
the digital sign. After completing its review, the FDIC expects to
propose changes to the regulation to address implementation concerns
and potential sources of confusion.
DATES: The compliance date for 12 CFR 328.4 and 328.5, which was
initially delayed at 89 FR 84261 (October 22, 2024), is further delayed
to March 1, 2026.
FOR FURTHER INFORMATION CONTACT: Division of Depositor and Consumer
Protection: Luke H. Brown, Associate Director, 202-898-3842,
<a href="/cdn-cgi/l/email-protection#b3ffc6f1c1dcc4ddf3f5f7faf09dd4dcc5"><span class="__cf_email__" data-cfemail="35794077475a425b7573717c761b525a43">[email protected]</span></a>; Meron Wondwosen, Chief, Supervisory Policy, 202-898-
7211, <a href="/cdn-cgi/l/email-protection#e7aa82b08889839088948289a7a1a3aea4c9808891"><span class="__cf_email__" data-cfemail="a4e9c1f3cbcac0d3cbd7c1cae4e2e0ede78ac3cbd2">[email protected]</span></a>; Edward J. Hof, Senior Policy Analyst, 202-
898-7213, <a href="/cdn-cgi/l/email-protection#7d38190a35121b3d3b39343e531a120b"><span class="__cf_email__" data-cfemail="c085a4b788afa68086848983eea7afb6">[email protected]</span></a>. Legal
[[Page 11660]]
Division: Kate Marks, Counsel, 202-898-3896, <a href="/cdn-cgi/l/email-protection#52191f332039211234363b317c353d24"><span class="__cf_email__" data-cfemail="94dfd9f5e6ffe7d4f2f0fdf7baf3fbe2">[email protected]</span></a>; Chantal
Hernandez, Counsel, 202-898-7388, <a href="/cdn-cgi/l/email-protection#a3e0cbebc6d1cdc2cdc7c6d9e3e5e7eae08dc4ccd5"><span class="__cf_email__" data-cfemail="36755e7e534458575852534c7670727f7518515940">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: On December 20, 2023, the FDIC Board of
Directors adopted a final rule revising the sign and advertisement of
membership regulations implementing section 18(a) of the Federal
Deposit Insurance Act.\1\ On January 18, 2024, the final rule was
published in the Federal Register.\2\
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\1\ 12 U.S.C. 1828(a).
\2\ 89 FR 3504 (January 18, 2024).
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The final rule became effective on April 1, 2024, and required full
compliance by January 1, 2025. Based upon feedback from IDIs and other
industry participants, the FDIC delayed the compliance date for the
amendments in subpart A of 12 CFR part 328 to May 1, 2025.\3\ The delay
was intended to provide additional time for IDIs to put in place
processes and systems and make technological updates.
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\3\ 89 FR 84261 (October 22, 2024).
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While the FDIC has observed that some IDIs have implemented aspects
of the final rule, it recognizes that the requirement under 12 CFR
328.5 to display the FDIC official digital sign on certain digital
channel pages continues to generate questions regarding implementation
and may result in consumer confusion. In an effort to address these and
related concerns, the FDIC is delaying the compliance date for 12 CFR
328.5, which includes the requirements for displaying the digital sign
on an IDI's digital channels, from May 1, 2025, to March 1, 2026. This
delay will allow the FDIC to propose changes to the regulation for
public comment to address implementation concerns and potential sources
of confusion. The FDIC is also delaying the compliance date for 12 CFR
328.4, which includes analogous requirements related to an IDI's ATM
and like devices, from May 1, 2025, to March 1, 2026.
Compliance with all other provisions in subpart A remains unchanged
and generally is required by May 1, 2025.\4\
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\4\ The policies and procedures required by 12 CFR 328.8 for
which the compliance date is May 1, 2025, will not need to address
the requirements in 12 CFR 328.4 or 328.5, until March 1, 2026, the
full compliance date for these provisions.
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Federal Deposit Insurance Corporation.
By order of the Board of Directors.
Dated at Washington, DC, on March 3, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-03790 Filed 3-10-25; 8:45 am]
BILLING CODE 6714-01-P
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