Truth in Savings: Top Violations

During our Virtual Deposit Conference, Kevin presented a session, “Top Deposit Violations & Tips”. One of the areas addressed was the Truth in Savings Act (TISA). TISA is all about disclosures which means there are a lot of different ways to mess up, and which our Review Team sees quite often. Kevin discussed the following:

  1. Consistent Terminology;
  2. Change in Terms;
  3. Tiered Rate APY Calculations;
  4. Advertising;
  5. Overdraft Disclosures; and,
  6. Triggers

Kevin explains some of these common violations in the video:


Published
2025/11/03

Kevin Edwards

Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).

Recent Posts

Truth in Savings: Top Violations

HMDA Is An Application Regulation

OCC Actions to Reduce Regulatory Burden

Truth in Savings: Top Violations
0:34