Compliance Classic: Truth in Savings

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During this class, provided on May 15, 2012, Heather Line fully explored NCUA regulation 12 CFR 707, which implements the Truth in Savings Act. Topics of discussion will include:
  • Covered accounts
  • The difference between dividends and interest
  • Required terminology
  • How to properly calculate account earnings
  • Required disclosures including those for new accounts, periodic statements, maturity notices and change in terms notices
  • Overdraft plan requirements
  • Deposit account advertising rules 

This training is ideal for compliance officers, new account representatives, branch managers and deposit operation specialists. 

Here are handouts and documents for the training:


Category: Compliance

Labels: Compliance, Truth in Savings, Video