P E N N S Y L V A N I A   B A N K E R S   A S S O C I A T I O N A Provider of AIB Products Truth in Savings Act (Reg DD)
Course Description: Truth in Savings Act provides consistency in the way rates and disclosures are provided to clients. This course explains how rate information must be shared with clients, including verbal rate quotes and marketing efforts, and certain trigger terms used in advertising. It identifies what disclosures are required and when those disclosures must be given to clients opening deposit account products. This course also explains when periodic statements should be provided to the consumer and what policies must be in place related to overdraft services. Audience: Bank personnel who are responsible for opening new accounts, explaining fees and charges and quoting rates to clients Learning Objectives: After successfully completing this program, you will be able to:   • Explain how to quote interest rates   • Identify the advertising requirements for deposit products   • Identify the requirements of the Truth in Savings disclosures Course Credits: AIB: 0 ; ICB: 0.5, CBT, CCSR, CPB, CFSSP Prerequisites: None Required Software: None Optional Software: Adobe Acrobat Reader and RealPlayer Cost: Members $55   •   NonMembers $75       Forms Page ... Registration ... Requests ... Withdrawal PBA Contact: Jackie Catalano • (717) 255-6939 • jCatalano@paBanker.com
This educational opportunity is brought to you by Pennsylvania Bankers Association