Truth-in-Savings Act (Reg DD) for Compliance Professionals
Course Number: ABA
Course Code: ABA
Introduces the provisions of Regulation DD and the Truth in Savings Act, which govern a financial institution?s presentation of its deposit accounts to consumers. Explores the requirements for disclosures, periodic statements, payment of interest, advertising, record retention, enforcement, and electronic communications.
Updated: August 2018
What You’ll Learn
-After completing this course, students will be able to:
-Explain the background and purpose of the Truth in Savings Act (TISA) and Regulation DD
-Describe the Regulation DD disclosures required for consumer deposit accounts and how to handle customer inquiries
-Explain the advertising requirements under Regulation DD and the exemptions to the rule
Audience: Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.?