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.
By attending this webinar, you will learn:
Disclosure Requirements under Reg DD
Periodic Statement Disclosure Requirements
Miscellaneous Reg DD Responsibilities and Requirements
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
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.
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.