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FDIC Consumer News

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.

Winter 2009/2010

News Briefs

Reminder: Key Protections for Credit Card Users Taking Effect

As reported in our Summer 2009 issue, major new protections for credit card users took effect on February 22, 2010, in areas such as prohibitions and restrictions on rate increases, limits on fees and interest charges, and improved disclosures. For more information, including changes that took effect on August 20, 2009, and more coming August 22, 2010, see our article at www.fdic.gov/consumers/consumer/news/cnsum09/newlaw.html. Also, the Federal Reserve Board has summarized key provisions for consumers at www.federalreserve.gov/consumerinfo/wyntk/creditcardrules.htm.

Beware of False Representations of FDIC-Owned Real Estate Sales

The FDIC is warning the public that individuals and companies are falsely claiming to represent the agency in the sales of properties acquired from failed institutions and are charging a fee for services available free from the FDIC. Visit www2.fdic.gov/drrore for free information about FDIC-owned properties for sale, the management companies working with the FDIC, and local brokers.

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Last Updated 3/12/2010