This course is designed for compliance professionals and examines the background and purpose of FDIC insurance coverage. The course explains general rules for insurance coverage and categories. It also provides a tool and examples for calculating insurance coverage and explains FDIC signage and advertising requirements.
What You’ll Learn
- Describe the purpose and the basics of FDIC insurance and your role in ensuring compliance
- Explain the general rules, coverage, and calculation for FDIC insurance
- Describe possible unique ownership scenarios you may face and the insurance coverage for each ownership category
- Explain general information about FDIC signage and advertising
ABA Professional Certifications: 1.00 CFMP, CRCM, CSOP
Robert Marx, CRCM
Vice President, Compliance
Robert Marx is a VP of Compliance and Treating Customers Fairly Officer for WebBank, a state-charted industrial bank headquartered in Salt Lake City, Utah. Prior to joining WebBank, he worked in banking and finance for over 30 years for companies including UBS Bank USA, American Express, Wells Fargo Bank, and others. Robert was the Compliance Officer and BSA Officer for UBS Bank, USA, and was the Chief Compliance Officer for Wright Express Financial Services.
Created: May 2022