"My favorite part of attending ICBA Institutes is connecting with peers from other institutions. I look forward to future events knowing familiar faces will be there, and while the training is always excellent, it’s the networking that keeps me coming back."
-McKenzie Humpal, VP Compliance Officer at First Citizens Bank in Iowa
"Through ICBA, I earned the CCBIA, CBAP, and CCBCO designations, each enhancing my role at different stages of my career. Each designation provided valuable resources and insights that improved my expertise in these areas."
-Michael Hoehn, Assistant Compliance Officer and CRA Officer at First Metro Bank in Muscle Shoals, Alabama.
"The Fraud Seminar was excellent and very informative. I got a lot of resources that will help in our FI. Great tools."
-Donna Franklin, AmeriState Bank, Atoka, Ohio
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Regulation DD: Truth in Savings - In Depth (Individual)
Online Course
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CPE Credits: 0.50
The primary purpose of the 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 details on all of the Regulation DD requirements.
This course is intended for compliance personnel that those involved
in the creation and review of account disclosures.
Learning Objectives:
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 at your bank adhere to Regulation
DD's advertising provisions.
Course Outline:
Definitions
General Disclosure Requirements
Delivery of Initial Account Disclosures
Initial Disclosure Content
Change in Terms/Subsequent Disclosures
Periodic Statement Disclosures
Payment of Interest
Advertising
Rev–Jun. 2021. Course length ≈ 40 minutes. This course is worth
0.5 CPE credits.
