Learn Best Practices For Reg DD!

What is Reg DD?

Regulation DD (Reg DD) implements the Truth in Savings Act (TISA) and is designed to help consumers make informed decisions about deposit accounts at depository institutions like banks and credit unions.

Essentially, Reg DD ensures fairness and honesty in how banks describe their deposit products, helping consumers to compare accounts more easily, avoid hidden fees, and understand how their money grows with interest.

The regulation covers everything from marketing a deposit account to disclosures when accounts are opened or changed-the entire life cycle of the account. Disclosures include fees for deposit accounts, interest rates, annual percentage yields, and other account terms that are required by the regulation.What You'll Learn:This course introduces Reg DD and the Truth in Savings Act (TISA), which govern a financial institution's presentation of deposit accounts to consumers.

After completing this course, you will be able to:

• Explain the purpose of TISA and its amendments and identify the types of institutions and accounts covered under Reg DD
  
• Describe general disclosure requirements under Reg DD
  
• Describe specific account disclosure requirements under Reg DD, including timing of delivery
  
• Explain Reg DD disclosure requirements relating to periodic statements and payment of interest
  
• Describe additional disclosure requirements for overdraft services
  
• Describe advertising requirements and records retention requirements under Reg DD

You have six months to complete the course and gain your printable certificate. Course Length: 1 hour