Reg DD prescribes the types of disclosures that must be made available by banks on deposit accounts offered to consumers

• The disclosures must be made available upon request, and at the time of account opening

Requires depository institutions to provide disclosures to enable consumers to make meaningful comparisons of deposit accounts

• Does not apply to credit unions
• Deposit brokers are subject to the regulations provisions regarding the advertising of deposit accounts

NCUA Part 707 contains comparable regulations applicable to credit unions

If an account requires a periodic disclosure, it also directs that certain disclosures appear on that statement

• On time deposits, additional disclosures are required

Provides guidelines for advertisements, and prohibitions against false or misleading advertisements

Small Entity Compliance Guide

Implements the Truth in Savings Act

Withdraw certain portions of the 2001 interim final rules that restate or cross-reference provisions of the Electronic Signatures in Global and National Commerce Act E-Sign Act

Withdraw provisions of the interim rules that may impose undue burdens on electronic banking and commerce and may be unnecessary for consumer protection; and

Retaining certain provisions of the interim final rules that provide guidance on the use of electronic disclosures

• Press release
• Notice

Define "clear and conspicuous" disclosures and to establish a more uniform disclosure standard among the Board's consumer regulations  comments due 1.30.04

Establish uniform standards for the electronic delivery of federally mandated disclosures  comments due 6.01.01

Simplify the Board's rules by withdrawing certain portions of the E-Sign Act, withdraw undue burdens and retain certain provisions regarding guidance on the use of electronic disclosure

Amendment to improve the uniformity and adequacy of information provided to consumers when they overdraw their deposit accounts  eff 7.01.06

SEC_CODE_REF_0090001192884

In general, the disclosures required by Reg E  Electronic Fund Transfers may be substituted for the disclosures required by these rules

• See 12 CFR 230.3 and 12 CFR 707.3

Reg DD

Reg DD Appendices

12 CFR Part 707  Truth in Savings  NCUA

12 CFR Part 741  Requirements for insurance NCUA