Credit Union Webinar: Regulation DD: Meet Requirements and Avoid Common Errors

A close-up image of a banking professional reviewing a document for an understanding of compliance with banking Regulation DD
A close-up image of a banking professional reviewing a document for an understanding of compliance with banking Regulation DD

The Truth in Savings Act (TISA), enforced by Regulation DD, mandates that credit unions provide disclosures enabling informed decisions regarding deposit accounts.

These disclosures facilitate comparison shopping by informing consumers about fees, annual percentage yield, interest rates and other terms. Yet, despite minimal changes over time, Regulation DD remains among the top five most violated regulations by financial institutions. For example, many institutions invest significant time creating Regulation DD disclosures for commercial accounts, a rule that solely pertains to consumer accounts, resulting in wasted effort.

Understand Reg DD

By attending this webinar, you will learn:

Disclosure Requirements under Reg DD

  • Overview of disclosure requirements
  • Account opening disclosure requirements

Periodic Statement Disclosure Requirements

  • Understanding of periodic statement disclosures
  • Timing and content of disclosures
  • Deposit interest calculation, payment and crediting

Miscellaneous Reg DD Responsibilities and Requirements

  • Considerations for advertising disclosures
  • Disclosure mandates for overdraft services
  • Record retention requirements and more
Bill Elliott
Bill Elliott

Bill Elliott, CRCM, Director of Compliance Education

Bill Elliott is a renowned expert in financial compliance and risk management with more than 40 years of banking experience. In his role, Bill leads compliance seminars, conducts comprehensive compliance reviews, provides in-house training and authors compliance articles and training materials.

Join our webinar

Regulation DD: Requirements and Common Errors

Profit Planning

When: Monday, January 22, 2024, 1 – 2 p.m. EST 

Who is it for: This webinar caters to individuals dealing regularly with Regulation DD within their institutions. This includes deposit operations personnel, compliance officers, branch staff and customer service representatives, risk management personnel and institution or branch management.

Price: $249 per webinar hook-up

Are you registering as a group? Individuals should be registered separately. For assistance with group registrations, please contact Karen Hevesi at [email protected] or 330-422-3479.

Profit Planning

Gain a Solid Understanding of Regulation DD

This webinar will delve into Regulation DD components, requirements and how to avoid common compliance errors encountered during examinations. It will also address frequent misconceptions, giving your credit union employees a solid understanding of the regulatory requirements, enabling more effective institutional compliance.

About Young & Associates

Young & Associates is a national leader in financial institution consulting, outsourcing and education. We provide trusted expertise you need to manage risk, stay compliant and position for growth and profitability. Find out more about Young and Associates.

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