Truth in Savings (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.
After completing this course, students will be able to:
-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
-Identify advertising requirements under Reg DD, including requirements relating to interest rates and triggering terms
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.