Presented by: Scope and coverage of the regulation
Content of each required disclosure
Timing of each required disclosure
Rules for payment of interest
Overdraft protection programs
Suggestions received by registrants in advance of the program, if they are
of general interest
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.
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
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.
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.
10 MINUTE SAMPLE
(requires Windows Media Player and
About the speaker:
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.
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.
This program was recorded in its entirety in August 2007. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.
- Complete presentation (including slides and audio)
- Written Materials
- Follow-up Q & A
This product was added to our catalog on Wednesday 01 August, 2007.