Home > Consumer Protection > Consumer News & Information > FDIC Consumer News |
|||
FDIC Consumer News
Spring 2006 FDIC Insurance: Do You Know As Much As You Think You Know?
The FDIC "brand name" is one of the most highly recognized in America. After all, we've been protecting consumers and their savings at banking institutions for more than 70 years. While most people also have a pretty good idea about how FDIC coverage works, we know from the many thousands of calls and letters received each year — including recent ones about the new insurance rules for retirement accounts (see FDIC Insurance: What's New, What's Not) — that a surprisingly large number of consumers have potentially costly misconceptions about deposit insurance. "The biggest concern is that some depositors who believe that all their funds are insured may inadvertently have some money over the insurance limits and risk losing it if their bank fails," said Kathleen Nagle, chief of the Deposit Insurance Section in the FDIC's Division of Supervision and Consumer Protection. How much do you know about FDIC insurance? To find out, keep reading.
|
||||||
Last Updated 05/09/2006 | communications@fdic.gov |
Home Contact Us Search Help SiteMap Forms Freedom of Information Act (FOIA) Service Center Website Policies USA.gov |
FDIC Office of Inspector General |