Use of the FDIC Name and Logo: Proceed With Caution

October 13, 2022
Subscribe and Listen
listen on apple podcasts listen on google podcasts listen on spotify

We discuss the FDIC’s final rule on misuse of the FDIC name or logo, advisory to insured banks on deposit insurance and dealings with crypto companies, and cease and desist letters to five crypto companies alleging they made false and misleading statements about deposit insurance. We also discuss the CFPB’s circular warning that a misrepresentation involving the FDIC name or logo can constitute a UDAAP violation. We then identify key takeaways for banks and non-banks, including action items that should be considered for relationships involving pass-through insurance and the extent to which the FDIC name or logo can be used in advertising of credit products.

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation joined by Ron Vaske, a partner in the firm’s Consumer Financial Services Group, and Mindy Harris, Of Counsel in the Group.

View the recording transcript here. 

Subscribe to Ballard Spahr Mailing Lists

Get the latest significant legal alerts, news, webinars, and insights that affect your industry. 

Copyright © 2024 by Ballard Spahr LLP.
(No claim to original U.S. government material.)

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.

This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.