Welcome to the Compliance Cohort. We are a group of compliance professionals working to make compliance easier. Our goal is to take complex compliance concepts and put them in simple terms that apply to the real world. We are glad you have found us and look forward to collaborating in the future.
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On January 18 of 2024, the FDIC published in the Federal Register updated rules on the use of its official sign as well as its rules for advertising of membership. This final rule is the first real revision since 2006 and applies to all “Insured Depository Institutions” (i.e. banks that have FDIC Insurance).
The FDIC's official sign and advertising statement regulations are set forth in subpart A to 12 CFR part 328 of the FDIC’s rules. The FDIC's official sign and advertising statement regulations require “insured depository institutions” to continuously display the FDIC official sign where insured deposits are usually and normally received in the bank's principal place of business and at all of its branches and to use an official advertising statement, such as “Member FDIC,” when advertising deposit products and services, with few exceptions.
In the final rule, the regulators have reissued all of Subpart A, updating it for current technology and electronic delivery channels. While the FDIC official signs and advertising of membership rules may have sometimes been an afterthought for banks, the new final rule requires a number of changes, including a new digital sign for electronic media as well as a requirement for banks to establish policies and procedures relating to the FDIC’s official sign and advertising rules. As these long anticipated changes are now finally here, it is important that banks fully understand how the FDIC rules apply to their organizations.
Our FDIC Advertising Rules class is designed to equip financial professionals with an understanding of the new FDIC advertising final rule and how it is going to affect their bank. Our program begins with an introduction and background of the FDIC’s official signs and advertising of membership rules. Next, the instructor reviews Subpart A of the FDIC final rule in detail, while highlighting the elements of Subpart B that changed in the final rule.
The goal of this program is to outline how the FDIC’s update official sign and advertising of membership rules apply to banks.
This program would be good for marketing professionals, Compliance Officers, risk managers, and auditors.
NOTE: Our FDIC Advertising Rules program will NOT be submitted to ABA for preapproval of continuing education credits. For those looking for CRCM/CERP continuing education credits, our Spring 2024 Quarterly Compliance Update includes our FDIC Advertising Rules program in entirety, and is also pre-approved for CRCM/CERP CE credits. You can learn more about our Spring 2024 Quarterly Compliance Update class by clicking here.
Early Bird: $299 (Regular: $349)
ADD ON: “+ Unlimited” - Add a private portal for anyone in your organization to view this program for an additional $129. Access is still available for 60 days, so those in your organization must view the program during your 60 day access window. Limit of 5 total Certificates of Attendance, though anyone in your organization can view the program through the portal we set up. You will be contacted with information on the private portal sometime after purchase.
NOTE: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.
The class is presented in a single and will provide you with a general understanding of the new FDIC advertising final rule. The total time of video instruction in this program is 1 hour and 2 minutes.
See below for the curriculum:
Introduction and history
Overview of Current Regulations
Summary of the Final Rule
This Compliance Class provides you with a deep dive into the requirements for financial institutions.
The class includes the following:
A comprehensive manual
A “virtual classroom” instructional video
60-day access to the class
Certificate of completion (1 per registration - available upon request)
All of our Compliance Classes are presented in our virtual classroom approach. This approach is designed to bring the presenter to you (at a fraction of the cost of having a live person) and includes a video of the presenter in front of a slide presentation that replicates a typical seminar environment. In addition, our presenters take a three-part approach to compliance instruction: to educate, to empower, and to entertain. This is achieved by focusing on relevant topics, speaking in simple to understand, layman's terms, and by keeping it light and humorous whenever possible. We have found that this "3-E" approach allow students to learn as quickly and effectively as possible. And, it adds a little bit of fun to an otherwise dreadful topic.
Certificates of completion are now available upon request. One certificate is available per registration.
When you purchase this compliance class, you get instant access to the online version of this class for 60 days. You will also receive an electronic version of the accompanying manual to keep.
We believe in our training products so much that we are offering a 100% money back guarantee within the first 10 business days after purchase. If you do not feel that you received the value promised for this training session, contact us within the first 10 business days after purchase and we will either make things right or provide 100% of the purchase price back to you.
