Course description

In this special one-hour presentation, we will share an overview of the FDIC’s new Advertisement of Membership, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo regulation.

Attendees will get answers to these, and other questions:

  • Who is subject to the regulation?
  • What are the important new terms in the regulation, and how are they defined?
  • What actions are prohibited by the rule?
  • What are some examples of false or misleading representations about deposit insurance?
  • What is meant by “materially false or misleading representations”?
  • What provisions does the rule make for inquiries and complaints?
  • How will violations by OCC regulated or Federal Reserve member banks be handled?
  • Are there allowances for informal resolution of improper acts under the rule?
  • What happens if informal resolution attempts are unsuccessful?
  • Can an FDIC order under this rule be appealed?

WHO SHOULD ATTEND:

Deposit product managers, New accounts and other customer contact and operations personnel. Audit staff

 

Instructor(s)

John Burnett

John Burnett is a 1979 alumnus of the ABA National Compliance School, and served on its faculty for several years. He graduated with honors with the Class of 1990 from ABA's Stonier Graduate School of Banking, and is also a graduate of the BAIs and the Massachusetts Banker Associations Schools of Banking.John began his banking career in high school when he started as a teller at a $15 million bank that didn't have account numbers for its checking accounts (he says they actually filed by signature!) He joined Cape Cod Bank and Trust Company in 1971 and assumed the position of Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company. John joined Glia Group, Inc. and the BankersOnline.com team in June, 2004. He is a frequent presenter of BOL Learning Connect webinars, and at BOL Conferences events.He was a member of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and a former member of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He served on ABA's Truth in Savings Task Force as Regulation DD was being written, and has served on several ABA and Massachusetts Bankers seminar panels.

Course curriculum

  • 1

    Webinar

    • Access Webinar

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