Regulation DD: Truth in Savings – Overview

The primary purpose of Regulation DD (Truth in Savings Act) is to give consumers enough information to make an informed decision about deposit accounts they want to open at the bank via standardized disclosures. The disclosures aid comparison shopping by informing consumers about the fees, annual percentage yield, interest rate, and other terms for deposit accounts. The regulation also includes requirements on the payment of interest, the methods of calculating the balance on which interest is paid, the calculation of the annual-percentage yield, and advertising. This course provides an overview of the Regulation DD requirements. Accessible / 508 Compliant