多宝游戏下载 Seeks Information on How to Modernize Signage and Advertising Requirements for Banks
Summary:
The 多宝游戏下载 is seeking input from a broad range of stakeholders regarding potential modernization of the official sign and advertising rules (12 C.F.R. Part 328) to reflect that deposit-taking via physical branch, digital, and mobile banking channels continues to evolve since the 多宝游戏下载 last significantly updated the rules in 2006.
Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all 多宝游戏下载-supervised financial institutions.
Highlights:
- As banks adjust and transform their business models to innovate and remain competitive, the 多宝游戏下载 is considering how to revise and clarify these rules to support the industry's efforts to understand, apply, and comply with requirements related to the official sign, advertising, and misrepresentation of 多宝游戏下载 deposit insurance.
- The 多宝游戏下载 is issuing this Request for Information (RFI) to collect comments from the public on 多宝游戏下载 efforts to align its policies and keep pace with how today's banks offer products and accept deposits, as well as how consumers connect with banks, including through evolving channels.
- The 多宝游戏下载 is also seeking input on misrepresentations 鈥攊ntentional or unintentional 鈥 concerning deposit insurance.
- In addition, the 多宝游戏下载 requests information about how new technology or other solutions could be leveraged to help consumers better distinguish 多宝游戏下载-insured banks and savings associations from non-多宝游戏下载 insured institutions (nonbanks) across web and digital channels.
- This effort is consistent with the 多宝游戏下载's commitment to increase transparency, improve efficiency, support innovation, and provide opportunities for public feedback on issues affecting 多宝游戏下载-insured institutions and their customers.
- Comments on the RFI must be received by March 19, 2020.
Suggested Distribution:
多宝游戏下载-Supervised Institutions
Suggested Routing:
Chief Executive Officer
Chief Financial Officer
Chief Information Officer
Chief Information Security Officer
Paper copies of 多宝游戏下载 FILs may be obtained through the 多宝游戏下载's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).