---
title: Online Bankers Training - New APR/APY Tools
description: BCC offers online banking regulations training & consulting - New APR/APY Tools
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [Online Bankers Training - New APR/APY Tools](https://blog.bankerscompliance.com/en/new-apr-apy-tools)

 Written by [Amy Kudlacek](https://blog.bankerscompliance.com/en/author/amy-kudlacek) | Apr 17, 2020 12:54:31 PM

On April 16th, the FFIEC also [announced](https://www.ffiec.gov/press/pr041620.htm) the availability of computational tools for both the Annual Percentage Rate (APR) and the Annual Percentage Yield (APY). 

**The tools were designed to assist financial institutions in verifying accuracy and ensuring compliance.**

- [APR Tool](https://www.ffiec.gov/examtools/FFIEC-Calculators/APR/#/accountdata)

In addition to verifying the accuracy of an APR, this tool can also assist financial institutions in calculating reimbursements.  The tool can be used for both non-dwelling secured and dwelling secured loans.  It is also designed to verify the Military Annual Percentage Rate (MAPR) for loans subject to the Military Lending Act.

- [APY Tool](https://www.ffiec.gov/examtools/FFIEC-Calculators/APY/#/home)

This tool allows financial institutions to verify the APY for disclosures and periodic statements, as well as, advertising purposes.

Published  
2020/04/17

[View full post](https://blog.bankerscompliance.com/en/new-apr-apy-tools)

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