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FDIC Consumer News - Fall 2000

Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

Wanted: Parental Advice for Teaching Teens About Spending and Borrowing Responsibly

Please send us your suggestions, questions and stories about helping kids learn the right way to use their first credit cards, debit cards and checking accounts

Before teenagers are out making financial decisions on their own—at the shopping mall, away at college or anywhere else—they need to be taught the importance of good money management. In an upcoming issue of FDIC Consumer News, we plan to offer tips and information primarily to help parents help their high school- and college-age kids prepare for the real world of credit cards and cash registers.

How can you help? Please send us your suggestions and personal stories. Tell us how you taught the young adults in your family to spend and borrow wisely, especially when using credit cards. What rules, limits and incentives seemed to work? Were there special kinds of credit cards, debit cards or bank accounts that you'd recommend? Also, looking back on it, what would you do differently, and why? The best suggestions may appear in our upcoming report.

If you have questions or topics you'd like addressed in our feature, we're glad to get those, too.

Write by December 1, 2000, to: Jay Rosenstein, Editor, FDIC Consumer News, 550 17th Street, NW, Washington, DC 20429. You also can send an e-mail to jrosenstein@fdic.gov or fax your comments and questions to 202-898-3870. Please include your name, address, and phone number. No names will appear in print without permission.

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Last Updated 09/08/2000 communications@fdic.gov