Posted in: Social Media Compliance
Has your bank or credit union been accurately preserving the content it’s been posting on social media? If not, you may be in violation of FFIEC social media guidance, and that can spell big trouble for your financial institution. Banks are often surprised to learn that they must archive their social media content and […]
Continue ReadingPosted in: Social Media Compliance
When it comes to the FFIEC social media guidance for banks and credit unions, your financial institution needs to ask itself an important question – are we in compliance? While social media is an awesome method of promoting your products and services, you also need to comply with the law. Sometimes you are required […]
Continue ReadingPosted in: Social Media Compliance
Key Highlights What FFIEC social media guidance is and why it matters for regulated financial institutions. How banks and credit unions are expected to manage social media compliance risk. The seven core components of an FFIEC-aligned social media risk management program. Common compliance gaps identified during regulatory examinations. Practical steps banks and credit unions can […]
Continue ReadingPosted in: Social Media Compliance
In today’s online environment, banks and credit unions need to have a social media presence to be successful. But using these platforms can expose your financial institutions to serious social media legal risks. After all, your social media activity is subject to the same regulations that apply to the financial industry as a whole, including […]
Continue ReadingPosted in: Social Media Compliance
In today’s day and age, banks and credit unions need a social media presence to engage their customers and their local communities. But many financial institutions are afraid to use social media because they are unsure how the law applies to their online activities – and more specifically – how to comply with FFIEC Social […]
Continue ReadingPosted in: Social Media Compliance
Key Takeaways The Truth in Savings Act (and its implementing rule, Regulation DD) applies to any commercial message about a deposit account, in any medium. That includes social media posts, videos, Stories, Reels, and paid ads. Two core requirements apply to social media posts: the post must be accurate (no misleading claims about “free” or […]
Continue ReadingPosted in: Social Media Compliance
Social media is a great place to promote your real estate products, but you must comply with financial regulations governing the promotion of real estate when doing so. In other words, if you promote mortgages, home loans, HELOCs, or any other real estate products on social media – or provide educational materials for prospective homebuyers […]
Continue ReadingPosted in: Sweepstakes Law
“Like our Facebook post for a chance to win. One lucky winner will be randomly selected for a grand prize.” You’ve seen these promotions. You’ve probably entered them. You may even run them for your company or clients – but are there social media contests and sweepstakes laws? You bet. Social media contests and sweepstakes […]
Continue ReadingPosted in: Influencer Law
It’s no secret that social media influencers work. By leveraging influencers, companies can grow their social media influence and reach, increase brand awareness, loyalty, and foster brand engagement. This can lead to thousands of new followers, increased traffic to our websites, and substantially more sales. But what laws apply to influencers on social media? Let’s find […]
Continue ReadingPosted in: Trademarks and Copyrights
Your brand sets your company apart from your competitors. Your name, logo, website, marketing materials, and business strategy are therefore amongst your valuable most assets. But are they protected from social media legal risks? Startups, websites, and applications are being created faster than any time in history. These new competitors are looking to find what […]
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