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Regulation DD: Truth in Savings – Overview

This Regulation DD: Truth in Savings – Overview online training course is designed for frontline employees and new account personnel. 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. This course provides an overview of the Regulation DD requirements.
SKU: P0668EN
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This Regulation DD: Truth in Savings – Overview online training course is designed for frontline employees and new account personnel. 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.

Regulation DD which implements The Truth in Savings Act seeks to increase uniformity in the disclosures banks provide customers opening new accounts, subsequent disclosures, and notices for time accounts. It also stipulates rules for account advertising and the required disclosures banks must provide consumers regarding overdrafts.

Course Learning Objectives

By taking this online Regulation DD: Truth in Savings – Overview course, the user will learn:

  • Know when disclosures and notices are to be given and what is to be included
  • Review interest-paying policies at your bank to ensure they are in compliance with Regulation DD.
  • Ensure your bank's existing advertising and advertising policies adhere to Regulation DD's advertising provisions

Course Outline

This online Regulation DD: Truth in Savings – Overview course is made up of the following sections:

  1. Definitions
  2. Disclosures and Notices
  3. Delivery of Initial Account Disclosures
  4. Disclosure Content
  5. Change in Terms/Subsequent Disclosures
  6. Periodic Statement Disclosures
  7. Miscellaneous

Course Audience

This Regulation DD: Truth in Savings – Overview online training course was designed for frontline employees and new account personnel.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.

Products specifications
Course LanguageEnglish
Length Range30 Minutes or Less
Length (Hours)0.5
Course FeaturesAccessible, Audio, Mobile
Module Number(s)41181EN