|
FDIC Consumer News
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.
|
Spring 2004
Wanted: Your Questions About Bank Mergers
Has your bank merged with another bank recently...and do you know what it means for you? Or, have you wondered what would happen
if your bank gets acquired? FDIC Consumer News plans to address
the topic of bank mergers in a future edition. And for that, we want
your help.
Please send us your questions or suggestions about dealing with
potential pitfalls, exercising your rights and responsibilities, or even how to find new opportunities if your bank merges. For example, what
would you like to know about your consumer protections when it
comes to your "new" bank's ability to change interest rates, fees, minimum balance requirements or other terms for your existing accounts? The best questions, topics and words of wisdom may appear
in our upcoming report.
Write by July 30, 2004 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.
Note: While FDIC Consumer News cannot respond individually to your submissions, you can get answers to questions about bank mergers by calling or writing the FDIC as listed on "For More Information."
|
