I’m guessing this isn’t a huge deal, they just have to stop saying either (a) false things about customer deposits being FDIC-insured, or (b) true statements about customer deposits being FDIC-insured without specifying which bank, both of which the FDIC seems to prohibit.
I’m guessing this isn’t a huge deal, they just have to stop saying either (a) false things about customer deposits being FDIC-insured, or (b) true statements about customer deposits being FDIC-insured without specifying which bank, both of which the FDIC seems to prohibit.