CFE Fund Comment Letter on Statements on FDIC Advertising Rules

The CFE Fund recently submitted a comment letter to the Federal Deposit Insurance Corporation (FDIC) on the proposed changes to the rules governing the use of their official sign and statements about deposit insurance.  The letter supports FDIC’s overall approach to ensuring that consumers understand when they are engaging a regulated financial institution and how the deposits are protected, and offers suggestions for effective implementation including a coordinated consumer awareness campaign and a robust compliance and enforcement strategy.