多宝游戏下载 Issues Final Rule Regarding False Advertising, Misrepresentations About Insured Status, and Misuse of the 多宝游戏下载鈥檚 Name or Logo
For Release
WASHINGTON 鈥 多宝游戏下载 (多宝游戏下载) today approved a final rule implementing its statutory authority to prohibit any person or organization from making misrepresentations about 多宝游戏下载 deposit insurance or misusing the 多宝游戏下载鈥檚 name or logo.
鈥淭hese practices not only harm those who are targeted with the false promise of deposit insurance, but, if left unchecked, could also undermine confidence in the 多宝游戏下载, 多宝游戏下载-insured banks, and the U.S. banking system,鈥 said Acting Chairman Martin J. Gruenberg.
In recent years, the 多宝游戏下载 has observed an increasing number of instances where individuals or entities have misused the 多宝游戏下载鈥檚 name or logo, or have made false or misleading representations about deposit insurance. To provide transparency into how the 多宝游戏下载 will address these and similar concerns, the final rule clarifies the 多宝游戏下载鈥檚 procedures for identifying, investigating, and where necessary, taking formal and informal enforcement actions against individuals or entities to address violations.
The final rule will take effect 30 days after publication in the Federal Register .