{"product_id":"deposit-compliance-series-regs-d-dd","title":"Deposit Compliance Series: Regs D\/DD","description":"\u003cp class=\"x_MsoNormal\" data-olk-copy-source=\"MessageBody\"\u003eReg DD is firmly a consumer-protection regulation. There are specific descriptions that must be provided, from the Annual Percentage Yield (APY), to fees and penalties, to any other feature that an account may have.   At any time, if a financial institution doesn’t truthfully describe what can, will, or has happened, consumer harm can occur.  We don’t want that.  Not only is it bad for business, but it carries regulatory consequences! Congress never could have imagined the changes to technology (online banking) or society (social media) and the impact they would have on banking.  The rules still remain, whether an account is being advertised on an old-fashioned rate board or a tweet.  Do you know how to get it all right? On the other hand, Reg D and the Federal Reserve Act is all about setting aside appropriate reserves in case there is a run on the bank.  If there is a panic, and masses of people flood the institution to take their money out, your institution must have enough liquid funds to service those demands.   Financial institutions are not allowed to invest or lend out 100% of the money they have on deposit.  No, there are particular rules that require different types of deposits be held in reserve and just sit there. Reg D is firmly a Safety and Soundness regulation. Even though it is not a consumer protection regulation, there are components that require the understanding and attention of a compliance officer.  There are eligibility requirements and both mandatory and optional withdrawal limitations.  Do you know how to get it all right?\u003c\/p\u003e\n\u003cp class=\"x_MsoNormal\"\u003e\u003cb\u003e\u003cu\u003eTopics covered in this course\u003c\/u\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"x_MsoListParagraphCxSpFirst\"\u003eRequired advertising disclosures\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eTriggering terms\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eWhat can (and cannot) be different for ads in different mediums, including online advertising\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003e100% understanding (and calculation!) of the APY\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eGeneral disclosure requirements\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eWho must get them\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eWhen they must be provided\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eAccount opening disclosure requirements\u003c\/li\u003e\n\u003cul type=\"circle\"\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eDeposit accounts\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eTime accounts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eEligibility requirements\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eWithdrawal limitations\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eSpecial disclosures for overdraft services\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eChange in Terms disclosure requirements\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003ePeriodic Statement requirements\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eRecord retention\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpLast\"\u003eUDAP traps\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cmeta charset=\"utf-8\"\u003eInterested in more Deposit Compliance topics? Check out our other courses on \u003cmeta charset=\"utf-8\"\u003e\u003ca href=\"https:\/\/www.bankershub.com\/products\/deposit-compliance-series-reg-e\"\u003eReg E\u003c\/a\u003e and \u003ca href=\"https:\/\/www.bankershub.com\/products\/deposit-compliance-series-reg-cc\"\u003eReg CC\u003c\/a\u003e!\u003c\/p\u003e","brand":"BankersHub","offers":[{"title":"Default Title","offer_id":46671941501103,"sku":"ODC0310262","price":299.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0646\/2894\/9167\/files\/RegDRegDD.png?v=1768603925","url":"https:\/\/www.bankershub.com\/products\/deposit-compliance-series-regs-d-dd","provider":"BankersHub","version":"1.0","type":"link"}