FDIC Extends Comment Period on Modernizing Agency's Signage & Advertising Requirements — 2020-03-11

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today extended the public comment period for its Request for Information (RFI) on potential ways to modernize the FDIC's sign and advertising rules, last updated in 2006. Interested parties responding to FDIC's RFI may now submit comments through April 20, 2020. Read FDIC's notice. On February 26, 2020, the FDIC published a notice in the Federal Register seeking input regarding potential changes to its sign and advertising rules to better reflect how banks and savings associations are transforming their business models to take deposits via physical branches, digital, and mobile banking channels. The FDIC also sought input on how to address potential misrepresentations by nonbanks about deposit insurance.