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TRUTH IN SAVINGS ACT (REG. DD)

ABA eLearning  Self-paced online course (length: .25 hour)
Price: $95 members; $130 non-members
Print Registration Form     Enroll Online
This course is also available at discounted prices under an annual license.  Call or email for details.
This course is available to ABA Member banks at no cost under a license agreement.

Course Credits:  ICB: .5 CBT, CCSR, CPB, CFSSP, CSOP

Course Description:  Truth in Savings Act provides consistency in the way rates and disclosures are provided to clients. This course explains how rate information must be shared with clients, including verbal rate quotes and marketing efforts, and certain trigger terms used in advertising. It identifies what disclosures are required and when those disclosures must be given to clients opening deposit account products. This course also explains when periodic statements should be provided to the consumer and what policies must be in place related to overdraft services.   REVISED: 2009   

Audience:  Bank personnel who are responsible for opening new accounts and quoting rates to clients

Learning Objectives:  After completing this course, students will be able to:

• Explain how to quote interest rates

• Explain the background and purpose of the Truth in Savings Act

• Identify the advertising requirements for deposit products

• Identify the requirements of the Truth in Savings disclosures

For further information, please call NYBA Professional Development at 212-297-1679 or elegg@nyba.com.

The New York Bankers Association is a Local ABA Training Provider.