FDIC-Insurance Status Representations
Although federal law expressly bars misrepresentation of FDIC-insurance status, the FDIC has observed increasing instances that might at the least be described as confusing, many of which led to informal enforcement actions. As a result, it is proposing to codify its ability to govern how FDIC insurance and the FDIC are described in public representations, likely doing so to set a clear basis for formal enforcement actions that have so far been scarce.
