The Federal Deposit Insurance Corporation (“FDICâ€) recently announced that it is providing financial institutions additional time to get new process and systems in place by extending the compliance date for the new FDIC signage and advertising rule (Part 328, subpart A) from January 1, 2025, to May 1, 2025.
The final rule established a new black and navy-blue FDIC official digital sign shown below.
Banks will be required to display the FDIC official digital sign near the name of the bank on all bank websites and mobile applications. Banks also will be required to display the FDIC official digital sign on certain automated teller machines.
The extension applies to the provisions requiring:
- the use of the FDIC official sign, official digital sign, and other signs differentiating deposits and non-deposit products across all banking channels, including physical premises, automated teller machines (ATMs) and digital channels, and
- the establishment and maintenance of written policies and procedures to achieve compliance with Part 328.
What Perficient has been seeing in the industry is that since an IDI’s mobile apps and websites must be altered for the new FDIC signage, bank executives are taking the opportunity to kill two birds with one stone and revamp their website and mobile apps to improve the user experience and enhance security while meeting the new FDIC signage requirements.
Contact us to discuss your specific risk and regulatory challenges. Our financial services expertise, blended with our digital leadership across platforms and business needs, equips financial institutions of all sizes to solve complex challenges and compliantly drive growth.
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