Podcast
Questions and Answers
According to FDIC guidance, is it required to display the official sign at automated teller machines (ATMs)?
According to FDIC guidance, is it required to display the official sign at automated teller machines (ATMs)?
- No, it is not required at ATMs (correct)
- It is required only at certain ATMs
- Yes, it is required at all ATMs
- It is required only at ATMs in specific locations
Under what circumstances should management be informed about the availability of the official sign from the FDIC?
Under what circumstances should management be informed about the availability of the official sign from the FDIC?
- If the official sign is damaged
- If the official sign needs updating
- If the official sign is not visible
- If the official sign is missing or obsolete (correct)
When must the official advertisement statement 'Member FDIC' be included in advertisements?
When must the official advertisement statement 'Member FDIC' be included in advertisements?
- Only when promoting deposit products (correct)
- In all types of advertisements
- In all advertisements related to banking services
- Only when promoting non-specific banking products and services
What action should be taken if the official advertisement statement 'Member FDIC' is in a language other than English?
What action should be taken if the official advertisement statement 'Member FDIC' is in a language other than English?
What type of products are subject to review for compliance with restrictions on using the official advertising statement?
What type of products are subject to review for compliance with restrictions on using the official advertising statement?
What does FDIC Rules and Regulation Part 343 primarily deal with?
What does FDIC Rules and Regulation Part 343 primarily deal with?
What does FIL 40-2010: Standard Deposit Insurance Coverage Amount of $250,000 Made Permanent; Official FDIC Sign Updated and Available primarily address?
What does FIL 40-2010: Standard Deposit Insurance Coverage Amount of $250,000 Made Permanent; Official FDIC Sign Updated and Available primarily address?
What should requests for membership advertisement indicate?
What should requests for membership advertisement indicate?
What should insured depository institutions include in their advertisements as prescribed by Part 328?
What should insured depository institutions include in their advertisements as prescribed by Part 328?
What does Part 328 of the FDIC Rules and Regulations describe?
What does Part 328 of the FDIC Rules and Regulations describe?
What is included in the term 'insured depository institution' for purposes of Part 328?
What is included in the term 'insured depository institution' for purposes of Part 328?
What should be determined regarding the sale of nondeposit investment products or insurance products by a financial institution?
What should be determined regarding the sale of nondeposit investment products or insurance products by a financial institution?
What do the examination procedures assist examiners in reviewing?
What do the examination procedures assist examiners in reviewing?
What does Part 343 of the FDIC Rules and Regulations focus on?
What does Part 343 of the FDIC Rules and Regulations focus on?
What is prescribed by Part 343 regarding nondeposit investment products or insurance products sold on-premises?
What is prescribed by Part 343 regarding nondeposit investment products or insurance products sold on-premises?
What does Part 343 aim to ensure about promotional materials related to nondeposit investment products or insurance products?
What does Part 343 aim to ensure about promotional materials related to nondeposit investment products or insurance products?
