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.
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.