Federal Deposit Insurance Corporation (FDIC)’s Post

Spring Refresh Checklist #7 of 7: If you’re concerned about exceeding the FDIC insurance limit of $250,000 per account, explore programs that allow you to work with one bank while distributing your funds across multiple banks behind the scenes. This strategy multiplies your protection and reduces the hassle of dealing with numerous financial institutions. If you're ready to tidy up your financial and estate affairs, reach out to us today at (424) 400-2125. #SpringCleaning #EstatePlanning

A safe way to manage your business funds is using the ICS checking account. It offers FDIC insurance on deposits beyond standard limits, keeping your money protected and accessible. Secure, flexible, and tailored for your business needs. DM me to learn more. #BusinessBanking #ICSAcount #FinancialSecurity

Join me March 5 as I talk to Jelena McWilliams, former chair of the FDIC, about the key issues for bankers in 2024. We will also discuss other timely topics! https://lnkd.in/gc-7vhHG #FDIC #bankingandfinance #riskmanagement #regulatorycompliance

Don't let your condo association's money sit in the wrong bank! In this video, we expose the common misconceptions about reserve accounts, and FDIC insurance. https://lnkd.in/eEuz9iZK

The U.S. system is one where you can be barred from selling securities by FINRA, but turn around and register with a (or several) state(s') insurance agencies and keep on selling to retail clients. The National Association of Insurance Commissioners (NAIC) offers states some guidance on vetting agents, but there are no uniform rules or standards. Some states are strict, others more permissive. And communication between authorities is nil. The result? A situation where a broker booted by Finra after claims of misleading clients that resulted in $600K in settlements can see her license pulled by California, temporarily suspended in Florida but untouched by Texas or Michigan, where she sells policies for some of the industry's biggest providers. And that's just one of the examples Greg Saitz and Varada Bhat uncovered. Read all about it! https://lnkd.in/ezZaavuA #insuranceagents #insurance #financialadvisors #caveatemptor

Did you know that an Insured Cash Sweep® account allows you to do business with a bank you trust and enjoy FDIC coverage, too? In this article, Jason Olson CTP gives answers to 5 FAQs about this unique service. #SmallBusiness #SmallBusinessBanking #SmallBusinessFinancing Read the full article today: https://lnkd.in/gQNsDP24 Member FDIC

Before you unplug for #nationaldayofunplugging check out our calculator to help you understand which products are covered under CDIC deposit protection. https://lnkd.in/guCVaTsq

Many insurers are taught to protect their bottom line by paying out as little as they can, often engaging in tactics like offering low settlement amounts in the hope that claimants will settle quickly to avoid a protracted process. Click here to learn more https://lnkd.in/gpQpDS4S

The FDIC has posted Questions and Answers (Q&As) Related to its Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Final Rule. The Q&As are broken down into the following categories: 🏦 Physical Premises, 💻 Digital Channels (e.g., Websites or Apps), 👩💻 Technical Assistance, 📅 Compliance and Effective Dates, and 💼 Advertising for Non-Deposit Products. Reminder that while the effective date of the rule is April 1, 2024, the compliance date is January 1, 2025. https://lnkd.in/ebQSR_zA #fdic #insurance #advertising #banking #compliance

In the first six months of 2024, there were 109 new federal securities class action filings, slightly lower than last year's 114. However, we're anticipating a total of 218 filings by the end of this year, surpassing the 213 in 2023. Learn about the areas of differentiation and get a glimpse of what lies ahead for federal security class actions. 📖Read now: https://okt.to/9Kr16d #ExecutiveAndFinancialRisk #RiskManagement #Insurance #FederalSecuritiesClassActions