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Know Your Risk. Protect Your Money.
To increase the public’s awareness of deposit insurance and how it can protect people’s money in the event of a bank’s failure, the FDIC developed a national consumer campaign, “Know Your Risk. Protect Your Money.” The campaign aims to reach those who may have lower confidence in the U.S. banking system or who are unbanked, as well as those who use mobile payment systems, alternative banking services and financial products that may appear to be FDIC-insured but are not.
Among the FDIC’s important missions is to help consumers understand and access our financial system so they can build a legacy for themselves and their families. The FDIC Podcast seeks to untangle the myths and mystery of the banking world and to shed light on how every person can become part of the financial fabric of this country. Subscribe for email reminders
When an FDIC-supervised bank fails, and the resulting cost to the Deposit Insurance Fund exceeds $50 million, the agency’s Office of Inspector General is required by law to conduct a ‘material loss review.’ In this episode, we learn what these material loss reviews are and why they’re important to our understanding of the reasons for bank failures and the FDIC’s supervision of banks.