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The Federal Deposit Insurance Corporation (FDIC) recently issued a notice of proposed rulemaking (NPR) and request for information (RFI) addressing “False Advertising, Misrepresentation of ...
The first Circular addresses the question of when representations involving the FDIC’s name or logo or deposit insurance constitute a deceptive act or practice in violation of the CFPA.
The FDIC has steadfastly and proactively sought to protect consumers /1/ by limiting the use of the FDIC's name, seal, and logo to insured depository institutions (IDIs) and preventing false and ...
But just over a year ago, the California Department of Financial Protection and Innovation found that Mercury’s use of the Federal Deposit Insurance Corp.’s logo, @bankmercury Twitter handle ...
Still, you will often see the FDIC logo on neobank websites, just like you see it stuck to the glass doors of many brick-and-mortar banks. That logo instills trust, and thanks to their ...
The rule proposed Tuesday provides updates to Part 328 of the FDIC's regulations regarding representation of the FDIC name and logo to keep pace with advances in digital banking. Under the proposal, ...
“In many cases, it was advertised that the funds were FDIC-insured, and consumers may have believed that their funds would remain safe and accessible due to representations made regarding ...
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