TISA (Regulation DD) Compliance

Presented by:
Ken Golliher

WHAT?
This program is an overview of Regulation DD which implements the Truth-in-Savings Act. It focuses on the regulation's coverage as well as the required disclosures, their timing and their content. It explains a complex regulation in layman's terms and provides attendees with practical advice and examples that can be used in their everyday activities.

WHY?
Regulation DD governs disclosures required in connection with opening consumer deposit accounts or changing terms in previously opened accounts. It also dictates the disclosures required on periodic statements and the timing and content of maturity notices for time deposits. As such, the regulation controls the explanations offered to consumers for some of the most routine transactions and mailings that take place in the bank.

The regulation also dictates the proper methods for calculating interest paid on consumer deposit accounts. It is the one substantive requirement in a regulation that is primarily focused on disclosures.

PROGRAM CONTENT?

Suggestions received by registrants in advance of the program, if they are of general interest

WHO?
The program is designed as a general review of the regulations implementing the Truth - in - Savings Act (TISA) for banks. It does not address the minor distinctions made in the regulations that implement the same statute for credit unions. The expected audience is compliance, operations, and audit personnel who have responsibility for designing and implementing TISA compliance efforts.

VIEW A 10 MINUTE SAMPLE
(requires Windows Media Player and IE).

About the speaker:  
Ken Golliher
Ken is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. Prior to becoming a full time trainer, he was a community banker and then the General Counsel for a regional consulting firm for financial institutions. He has presented seminars in more than 25 states and has served as an instructor at compliance schools sponsored by the Illinois, Indiana, Iowa, Georgia, Kansas, Kentucky, Nebraska, Oklahoma, Pennsylvania and Texas bankers associations. Ken has also served as an instructor for both FDIC and OTS examiners at the agencies' week long schools. "Ken/Pegasus" is one of the Gurus in BOL's Bank Secrecy Act Forum and has answered thousands of BSA related questions for BOL participants.

• Complete presentation (including slides and audio)
• Written Materials
• Follow-up Q & A

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.