FDIC extends comment period for proposed signage and advertising rule

The FDIC has announced that it is extending by 45 days the comment period for proposed changes to its signage and advertising rule. Several banking trade groups sent a letter to the FDIC requesting the 45-day extension.  Originally set for February 21, the comment deadline is extended to April 7, 2023.

Published in the Federal Register on December 21, 2022, the proposal would update the FDIC’s existing regulations governing use and misuse of the FDIC’s name, logo, and official sign, including the addition of further detail to rules regarding misrepresentation of insured status.