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New FDIC Signage Requirements Webinar
December 12, 2024
Program Overview
The FDIC has finally issued their final rule regarding modernizing the FDIC signage requirements at digital locations where insured deposits may be received. The rules apply to websites, apps, social media, and any other digital presence where deposits may be received. The new signage must be in place by the beginning of 2025. Do you understand all the new requirements, and are the changes in place?
There are distinct requirements for your bank’s home page, as well as where deposits may be received digitally, such as on your website or app. The rule also incorporates provisions regarding Nondeposit Investment Products (or NDIP) that date back to 1995. It must be very clear which types of deposits are insured and which ones are not. We’ll go into detail, and provide examples, of how these new displays must look.
In this webinar we’ll go over in detail what the rules require so you can make an honest assessment of your bank’s digital signage, and make sure you’re prepared for the beginning of the year. We’ll provide a lot of examples as well so you can see what the new disclosures must look like.
What You Will Learn
- New digital FDIC signage requirement,
- Difference between where deposits are taken vs. homepage and where your bank is mentioned,
- Differences between physical vs. digital presence,
- Incorporation of the requirements for non-insured products,
- Displays on your bank’s homepage and apps,
- Interplay between the signage requirement and the official advertising statement, AND
- Examples and Q&As.
Who Should Attend?
Branch Managers, Customer Service Staff, Personal Bankers, Call Center Staff, Compliance Officers, Auditors
Anyone in a position need to accurately convey FDIC requirements to customers
Agenda
Speakers
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Carl Pry
<p>Carl Pry, a Senior Advisor at Asurity Advisors, is a seasoned executive with banking law, corporate finance, and regulatory compliance experience in Fortune 500 institutions, regional banks and industry consulting firms. Carl advises clients on consumer and commercial compliance, fair lending, operations, risk, corporate treasury, and risk management.</p><p>Over the last thirty years, Carl has held senior leadership positions including Managing Director and Senior Advisor at a boutique regulatory compliance consulting firm, Senior Vice President and Compliance Manager for the Compliance and Control Division at KeyBank, Manager of Finance and Performance Management Service Line at Accenture, and Vice President of Regulatory Services at Kirchman Corporation. With strong knowledge and experience as a banking attorney and officer, Carl is a frequent contributor to and currently serves as the Co-Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. As a featured speaker for numerous banking, compliance, and state bar associations, he has led hundreds of training sessions across the country. Carl has served as an instructor at FDIC examiner school and back-up instructor for NCUA examiner school. He has authored training programs covering consumer and commercial compliance, Compliance Management Systems, audit, quality control, tax, privacy and risk management. He also serves as a frequent expert witness in litigation matters.</p><p>Carl is a regular columnist for the ABA Bank Compliance magazine. He has authored scores of articles on financial issues and developed testing and support materials for both the ABA’s Certified Regulatory Compliance Manager (CRCM) and BAI’s Anti-Money Laundering Professional (AMLP) certifications, and served as subject matter expert for web-based compliance and audit educational testing programs for banking training firms. He is the author of “Internet Banking Manual”, a comprehensive guide to business planning, risk analysis and maintaining a presence for financial institutions on the Internet. For LexisNexis, he also authored “The New RESPA Rule: Navigating New Disclosures” and “The Evolution of Reg. Z: Increased Duties and Responsibilities for Lenders,” among other publications.</p><p>Carl holds a JD and an MBA from the University of Toledo and a BSBA from Bowling Green State University. He is also a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP).</p>
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Asurity Advisors | - |