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FDIC Consumer News - Summer 2003

Important Update: FDIC Insurance Coverage Increased in Late 2008

In the fall of 2008, Congress temporarily increased the basic FDIC insurance coverage limit from $100,000 to $250,000 through December 31, 2009. In addition, the FDIC simplified the rules for the calculation of deposit insurance coverage for revocable trust deposits, including an expanded definition of the "eligible beneficiaries" for additional insurance coverage. As a result, certain previously published information related to FDIC insurance may not reflect the current insurance coverage. For more information, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.


Illustration of three people standing at crossroads. One road is Traditional Insurance, one Personal Savings, and the final is Credit Protection Plans. Credit Protection: What to Consider Before You Buy
Lenders offer insurance or similar products that would make your loan payments if you die, become ill or unemployed, but there are costs and limitations. Here's a guide for evaluating this coverage.
    Related Articles

    If You Have a Question or Problem

    Credit Protection and the Laws Protecting You

Also In This Issue

Minimum Payments, Maximum Costs on Credit Cards

If Your FDIC-Insured Bank Fails: What Really Happens

A Final Exam

Reminder: Our Consumer News Arrives by E-Mail

For More Information


FDIC Consumer News is published by the
Federal Deposit Insurance Corporation

Donald E. Powell
Chairman

Elizabeth Ford, Assistant Director
Office of Public Affairs (OPA)

Jay Rosenstein
Senior Writer-Editor, OPA

Tommy Ballard
Illustration

Mitchell Crawley
Graphic Design

FDIC Consumer News is produced quarterly by the Office of Public Affairs, in cooperation with other FDIC Divisions and Offices. It is intended to present information in a nontechnical way and is not intended to be a legal interpretation of FDIC regulations and policies. Mention of a product, service or company does not constitute an endorsement. This newsletter may be reprinted in whole or in part. Please credit material used to FDIC Consumer News.
See other issues of FDIC Consumer News online.

Electronic: To receive e-mail notification of new issues posted to the FDIC Web site, with links to stories, follow instructions posted on www.fdic.gov/about/subscriptions/index.html.

Other consumer information on the Internet is available at the FDIC Web site.


Send comments, suggestions or questions to:
Jay Rosenstein, Editor
FDIC Consumer News
550 17th Street, NW
Room 7100
Washington, DC 20429
E-mail: jrosenstein@fdic.gov
Fax: (202) 898-3870

Subscriptions
Subscriptions are available free of charge. Send subscription requests and address changes to:

FDIC Public Information Center
801 17th Street, NW
Room 100
Washington, DC 20434
Toll-free phone: (877) 275-3342 or (703) 562-2200 (Washington area)
E-mail: publicinfo@fdic.gov
Fax: (703) 562-2296

 
Last Updated 09/15/2003 communications@fdic.gov

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