The purpose of the Truth in Savings Act is to …enable consumers to make informed decisions about accounts at depository institutions. This part requires depository institutions to provide disclosures so that consumers can make meaningful comparisons among depository institutions.
Account disclosures are required to provide a wide variety of information to meet this purpose. For instance, institutions are required to disclose information about the annual percentage yield, how interest will be compounded and credited to the account, whether there are any minimum balance requirements, fees, transaction limitations, etc.
TISA also dictates how and when such disclosures are to be provided to a consumer which Kevin discusses in the video.
We have devoted an entire session (“TISA Account Disclosures Breakdown”) to this topic during our Virtual Deposit Compliance Conference coming up on September 22nd. Other tentative topics include:
- Deposit Compliance in 2026 & Beyond
- Regulation E Disputes - §1005.6 vs. §1005.11
- Don’t Forget About UDAP/UDAAP
- CDDBO Exceptive Relief for Deposit Customers
- FDIC Digital & ATM Signs – The Final Rules
- Top Deposit Violations & Tips
- Deposit Compliance Q & A w/ the Instructors
JOIN US to connect, learn, and grow with industry-leading experts in a seamless online event environment to ensure your team doesn’t miss out on crucial compliance updates and insights. Or better yet, register for the entire series (Deposit, Lending & AML/CFT) for significant savings!
Published 2026/09/08
