Truth in Savings Act (Reg DD)

Regulation DD implements the TISA. Regulation DD requires specific disclosures about overdrafts in materials provided to consumers and in advertisements.

Statutes

12 U.S.C. 4301-4313

Rules & Regulations

Regulation DD (12 C.F.R. 1030)

TISA Questions from the Hotline

Must the bank obtain a new consent from customers who previously opted-in to the bank’s debit card overdraft service? In addition, if the bank only plans to increase the overdraft fee, must it obtain customer consent to the increase?
My bank is going to offer a promotional six-month certificate of deposit (CD) with a specified rate for the first 3 months and a lower specified rate for the last 3 months. Is this CD a stepped-rate account and or a variable rate account?
Can multiple excess-activity fees can be combined into a single fee so long as they are not combined with a monthly maintenance fee on a check account statement?
Can the bank simply refer new customers opening certificate of deposit accounts online to its website for the current rate information or provide the rate and CD maturity date (when applicable) by mail after the consumer has opened the account?
Are banks required to list the interest rate along with the annual percentage yield (APY) paid on a deposit account on the rate sheet provided to consumers at account opening? May the bank use just the APY?

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Agency Guidance

FDIC Overdraft Payment Program Supervisory Guidance FAQs
April 1, 2011
FDIC Overdraft Payment Programs and Consumer Protection Final Overdraft Payment Supervisory Guidance
November 24, 2010

Exam Procedures

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Policy Library
News

Policy Library

Comment Letter
Comments to OCC re: Consumer Credit Product Guidance
August 4, 2011

News

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Related Training & Events

Truth in Savings (Reg DD) for Compliance Professionals
Self-Paced Training
Reg DD: Disclosures and Payment of Interest
Self-Paced Training
Reg DD: Overdraft Rules
Self-Paced Training
Truth in Savings for Marketers
Self-Paced Training

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ABA Resources

Report
ABA Survey of Frequent Users of Overdraft Services
October 1, 2013
Report
A New Framework for Overdraft Program Compliance
August 3, 2010

Truth in Savings Act (Reg DD)

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