10/04/2010
Will we be required to notify depositors about the new temporary unlimited deposit insurance coverage for non-interest-bearing transaction accounts?
10/04/2010
Do we need to change anything on the bank sign stating that we participate in the Transaction Account Guarantee Program 12-31-10 to 12-31-12?
09/06/2010
As a bank, are we required to sell and redeem US Savings Bonds for non-customers? My supervisor believes we may have to provide this service and that it may be tied to the bank's FDIC insurance coverage. I have searched the FDIC website and couldn't locate any information. The US Treasury website just states that individuals may purchase at "some" banks. This led me to believe that it would be a bank policy vs. requirement to offer this service to non-customers. We are considering revising our risk assessment for this service; not offering it to non-customers.
08/16/2010
We're offering a new checking account that has a tiered rate. The higher rate is in effect for balances up to $20,000 if certain account requirements are met. If requirements are not met and/or if the balance is over $20,000, the lower rate applies. How much information do I need to include in the disclosure for a radio commercial?
08/02/2010
If a bank maintains a profile on LinkedIn, should the profile include Member FDIC and Equal Housing Lender? I know we are required to have it on Facebook and Twitter. I was thinking that we should still include the information, but don't find banks that have included it.
07/26/2010
Do name badges for staff members need to have the "Member FDIC" statement included if we include the bank name or logo?
05/31/2010
If we run an ad in the paper, does it need to say we are an "Equal Opportunity Lender" or an "Equal Housing Lender?" We've seen both.
05/31/2010
We offer annuity and insurance services for our customers. Non-deposit insurance products require the "Not, Not, May" disclosures. Is this sufficient for the "Consumer Protection in Sales of Insurance", as it states that we should also include: not a Deposit, not insured by an federal government agency?
05/24/2010
We have several loan production offices. They don't have cash drawers, are not listed as branches, and they don't service the deposit customer walking in off the street. Do we need signage such as the FDIC stickers? What if a courier for the bank picks up some proof work where only our employees make deposits instead of running to a branch?
05/24/2010
We have "Member FDIC" on the name plates at each teller counter. They state $100,000 though. Is this a violation since the limits are $250,000?