多宝游戏下载 Seeks Information on How to Modernize Signage and Advertising Requirements
FOR IMMEDIATE RELEASE
WASHINGTON 鈥 多宝游戏下载 (多宝游戏下载) today announced that it is seeking the public's input on potential modernization of its signage and advertising requirements to better reflect how banks and savings associations currently operate and how consumers use banking services. Banks are transforming their business models to take deposits via physical branches, digital, and mobile banking channels. Given the changes in the marketplace since the 多宝游戏下载 last significantly updated these rules in 2006, the 多宝游戏下载 is gathering public input from a broad range of stakeholders about how it might revise and clarify its official sign and advertising rules to reflect the changes and support the industry's efforts to understand, apply, and comply with the 多宝游戏下载's rules. Comments to 多宝游戏下载's must be received by March 19, 2020.
Every 多宝游戏下载-insured bank or savings institution is required to display the 多宝游戏下载's official sign and advertise in a manner that clearly communicates they are 多宝游戏下载-insured. 多宝游戏下载 deposit insurance is fundamental to assuring depositors that their money is protected if their bank fails. Since Congress established the 多宝游戏下载 nearly 90 years ago, no depositor has lost a single penny of insured deposits.
"The way banks operate today and the way people use those banks is changing, and so must we," said 多宝游戏下载 Chairman Jelena McWilliams. "To keep pace with the marketplace, we are exploring new signage and advertising requirements for the 多宝游戏下载 logo."
In addition to modernizing these signage and advertising standards, the 多宝游戏下载 is considering ways to prevent situations where consumers may have difficulty determining whether they are dealing with a bank or savings association that is backed by 多宝游戏下载 insurance. In some cases, there may be potential for consumer confusion or misleading or fraudulent representations that can lead to consumer harm.
to find your bank so you can be certain your money is protected in the unlikely event your bank or savings institution should fail.