Master FDIC insurance rules to protect client assets and ensure regulatory compliance.
The nuances of FDIC insurance coverage remain unclear to many, particularly in light of recent high-profile bank failures in 2023. With evolving regulations, recent changes to supervisory priorities and increasing complexity in deposit structures, the risk of uninsured deposits and mismanaged customer expectations continues to rise. This presentation offers practical guidance on navigating FDIC insurance rules, maximizing coverage through strategic account structuring, and understanding the legal and procedural aspects of FDIC receiverships. Attendees will gain insights into the claims process, recent regulatory changes, and risk mitigation strategies, making this session valuable for professionals advising clients or managing institutional deposits. Mastering these rules is critical for protecting client assets, ensuring regulatory compliance, and anticipating the impact of future bank failures.Learning Objectives
- You will be able to define the role and authority of the FDIC in resolving failed financial institutions.
- You will be able to describe the types of accounts and ownership categories that receive FDIC coverage.
- You will be able to discuss recent FDIC-insured bank failures and their legal implications.
- You will be able to explain how the FDIC claims process works and what rights account holders and creditors retain.
Live Webinar Registration
AK CLE 1.0: Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program.AL CLE 1.1: This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
AR CLE 1.0: This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
Arizona CLE 1.0: The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
CA MCLE 1.0: The provider is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
CT CLE 1.0: Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
HI CLE 1.0: This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
IL CLE 1.0: This course was approved for a total of 1.0 hours of MCLE Credit by the Illinois MCLE Board.
IN CLE 1.1: This program has been approved by the Indiana Commission on Continuing Legal Education. Participating attorneys are eligible to receive up to 1.1 hours of Distance Education credit.
MN CLE 1.0 (Pending): This program has been submitted to the Minnesota Board of Continuing Legal Education. Approval pending.
MO CLE 1.3 (Pending): NH MCLE 1.0: NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. The provider believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 60 Minutes.
NJ CLE 1.3: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
NM CLE 1.0: This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.0 hours of credit.
NV CLE 1.0: This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
NY CLE 1.0 including Areas of Professional Practice 1: This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hours in the area(s) of Areas of Professional Practice for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys.
OH CLE 1.25 (Pending): This course has been submitted to the Supreme Court of Ohio Commission on Continuing Legal Education for 1.25 CLE hours. Approval pending.
PA CLE 1.0: This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
RI CLE 1.0: This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
VT CLE 1.0: This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hours of CLE credit.
WI CLE 1.0: This program has been approved by the Board of Bar Examiners for 1.0 hours for use toward the Wisconsin Mandatory CLE requirement.
WV MCLE 1.3: This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
CPE 1.2 including Specialized Knowledge 1.2: The provider is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.2 hours. Prerequisite: Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
Who should attend?
This live webinar is designed for attorneys, presidents, vice presidents, loan officers, loan department personnel, branch managers, credit and collections managers, real estate professionals, underwriters, accountants, and compliance professionals.Faculty
Matthew HanaghanOf Counsel at the law firm of Nutter McClennen & Fish
- Practice focuses on corporate and regulatory advice to banks, savings associations, and other financial institutions
- Member of the firm’s Banking and Financial Services practice group and is the editor of the Nutter Bank Report
- Member of the American Bar Association, Banking Law Committee
- J.D. Degree, University of Pennsylvania Law School; B.A. Degree, Indiana University