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FDIC RIN: 3064-AF71 Publication ID: Spring 2022 
Title: False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC's Name or Logo 
Abstract:

The FDIC is issuing a final rule codifying a portion of the Federal Deposit Insurance Act (12 U.S.C. 1828(a)(4)), which prohibits any person from misrepresenting the extent and manner of FDIC deposit insurance with respect to particular entities or to the industry generally.  This subpart would apply to any person who: falsely represents or implies that any deposit liability, obligation, certificate, or share is insured or guaranteed by the FDIC by use of the words making up the acronym FDIC or use of the FDIC logo or symbol; or who knowingly misrepresents that any deposit is insured by the FDIC or the extent to which, or the manner in which, any deposit is insured.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 328.101 et seq.   
Legal Authority: 12 U.S.C. 1818(a)    12 U.S.C. 1819(Tenth)    12 U.S.C. 1828(a)(4)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/10/2021  86 FR 24770   
NPRM Comment Period End  07/09/2021 
Final Rule  06/00/2022 
Additional Information: Email: comments@fdic.gov. Please include RIN 3064-AF71 in the subject line of correspondence.
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.fdic.gov/regulations/laws/federal/   Public Comment URL: https://www.fdic.gov/regulations/laws/federal/  
RIN Data Printed in the FR: No 
Agency Contact:
Richard M. Schwartz
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-7424
Email: rischwartz@fdic.gov

Michael Farrell
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-3853
Email: mfarrell@fdic.gov