FDIC Insurance Limit Increased

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 BSA Training and Banking Regulations Compliance Consulting deb11 - FDIC Insurance Limit IncreasedAct 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 disclosures, etc.  According to FIL 40-2010, official FDIC signs may be ordered free of charge.  Add this to your “to do” list today!

Published
2010/08/13
Deb Irving

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