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Changes to Reg DD in the June 2019 Reg CC final rule

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Question: 
What are the changes the rule will make to Regulation DD?
Answer: 

There will be two administrative, non-substantive cross references to Regulation CC. The Bureau is also finally making a significant technical correction to the APY formulas in Appendix A. The exponential terms in those equations have erroneously not been shown as exponents since the Bureau issued its restatement of Regulation DD in December 2011. BankersOnline notified the Bureau of those errors several years ago.
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Learn more about John Burnett’s webinar Reg CC Amendments—a Briefing

First published on 07/28/2019

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