FDIC Insurance Limit Increased
By Deb Jost
As most of you are already aware, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010. This Act permanently raised the current standard maximum deposit insurance amount to $250,000. The reason we wanted to bring this to your attention is that we have been hearing examiners are already looking for updated FDIC signs, website disclsoures, etc. According to FIL 40-2010, official FDIC signs may be ordered free of charge. Add this to your "to do" list today!