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Regulation DD Truth in Savings - Federal Reserve

Regulation DDTruth in SavingsBackgroundRegulation DD (12 CFR 230), which implementsthe Truth in Savings Act (TISA), became effectivein June 1993. An official staff commentaryinterprets the requirements of Regulation DD(12 CFR 230 (Supplement I)). Since then, severalamendments have been made to Regulation DDand the Staff Commentary, including changes,effective January 1, 2010, concerning disclosuresof aggregate overdraft and returned item fees onperiodic statements and balance disclosuresprovided to consumers through automated addition, effective July 6, 2010, clarificationswere made to the provisions related to overdraftservices (NOTE.)

frequency of compounding for a 365-day period or 366-day period during leap years and calculated according to the rules in Appendix A of Regula- ... Stepped-Rate Account (§230.2(s)) A stepped-rateaccountis an account that has two or more interest rates that take effect in succeeding

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