Financial Protection

Consumer groups urge FDIC to protect “FDIC-insured” logo from misuse

Consumer groups urge FDIC to protect the "FDIC-Insured" logo from misleading ads.

U.S.PIRG, NCLC and other leading groups have urged the FDIC to protect its important “FDIC-Insured” logo from misuse. The FDIC and CFPB had already acted to warn cryptocurrency firms against misuse. This week we sent a detailed coalition letter urging the FDIC to do more. Action is critical since the recent failures of SVB Bank and Signature Bank. Depositors need to know when their money is protected in an insured account and when it is not. Our recent post “Is your money in an FDIC-insured bank or not?” offers tips.

See the Campaign

Show More