Does Reg. DD apply to businesses or is it just a consumer regulation? Also, if a business wants to purchase a CD can we give them the exact same account disclosure that we give consumers? Or are there separate requirements for businesses? Thanks for your help.

Reg DD is a consumer regulation and thus does not apply to business purpose accounts. You could give your consumer account disclosures to a business customer if you want to - as long as they are applicable and do not provide protections that your bank does not wish to extend to business customers.

Thanks. If we would decide to provide business customers with the consumer disclosure, it must disclose an APY the same way? Right?

Since the Reg itself doesn't apply to business purpose accounts, there is no requirement to provide the APY to business customers, but for consistency and ease of training you'd probably want to disclose it the same way that you do for consumer accounts.

That makes sense. Thanks again.