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Home > Consumer Protection > Consumer News & Information > FDIC Consumer News - Spring 1998




FDIC Consumer News - Spring 1998

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.


Who to Call to Report a Financial Crime

Man at a desk
If you think you’re a victim of a financial crime or if you notice anything suspicious, get to the phone right away and call the following:
•    The police.
•    Your bank, credit card company or other financial institution that may need to know about the matter.
•    The National Fraud Information Center (800-876-7060, Internet site www.fraud.org), which forwards reports of suspected fraud to federal and state authorities.

Also, consider calling the three major credit bureaus. Ask them to place a fraud notice in your file, so that lenders and other users of credit reports will be warned to be careful before approving a new credit card in your name. Two of the three credit bureaus publicize the toll-free numbers for their fraud department: Experian at (800) 301-7195 and Trans Union at (800) 680-7289. Equifax asks that you first contact your creditor or the police in order to get the phone number for its fraud unit.

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Last Updated 08/02/1999 communications@fdic.gov


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