Wednesday, March 11, 2020

Extension of Comment Period for RFI on How to Modernize Signage and Advertising Requirements for Banks

Comments will be accepted through April 20, 2020.

Financial Institution Letter

March 11, 2020

Extension of Comment Period for RFI on How to Modernize Signage and Advertising Requirements for Banks

Summary:

The FDIC is extending to April 20, 2020, the public comment period for its Request for Information (RFI) on potentially modernizing FDIC sign and advertising requirements (12 C.F.R. Part 328) to reflect how banks take deposits through various evolving channels. The RFI was published in the Federal Register on February 26, 2020, with a comment period originally set to close on March 19, 2020.

Statement of Applicability to Institutions with Total Assets under $1 Billion:

This Financial Institution Letter applies to all FDIC-supervised financial institutions.

Suggested Distribution:

FDIC-Supervised Institutions

Read the FIL

 

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