The Federal Deposit Insurance Corporation (FDIC) is delaying the full compliance deadline for certain new requirements on how insured banks display membership signs and ads, especially on digital platforms like ATMs and websites. Originally, banks had until May 1, 2025, to comply with these updates, but now they have until March 1, 2026. This delay allows the FDIC time to review feedback on potential issues with implementing these requirements, aiming to prevent consumer confusion. The FDIC plans to propose updates to the rules based on this feedback.
Simple Explanation
The FDIC is giving banks more time to show special signs online and on ATMs that say their money is safe, moving the deadline from 2025 to 2026, because they want to make sure people aren't confused.