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Truth in Savings

Fed · final-rule · Published 2009-01-29 · Effective 2010-01-01 · 74 FR 5584

Document

Document number
E8-31183
Federal Register citation
74 FR 5584
CFR reference
12 CFR 230
Type
Rule
Action
Final rule; official staff commentary.
Category
final-rule
Agency
US Federal Reserve System
Publication date
2009-01-29
Effective date
2010-01-01
Docket
Regulation DD

Abstract

The Federal Reserve Board (Board) is amending Regulation DD, which implements the Truth in Savings Act, and the official staff commentary to the regulation to require all depository institutions to disclose aggregate overdraft fees on periodic statements, and not solely institutions that promote the payment of overdrafts. The final rule also addresses balance disclosures provided to consumers through automated systems. In addition, the Board is separately issuing a proposed rulemaking, published in today's Federal Register, to incorporate the notice requirements into Regulation E that were previously proposed under Regulation DD.

Source

Authoritative
Federal Register document
Machine
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