Truth in Savings: CD Renewal Notices Online Bankers Training -

When it comes to renewal notices for your certificates of deposit, there are actually a lot of “ifs” that can come into play.  Those “ifs” dictate not only when a notice is required but also what information needs to be included on the notice.  These notices are often generated automatically by your system so when it comes to compliance, they can be easily forgotten.

David explains more in the video.

Ready to learn more?  JOIN US “Truth in Savings Act.”  Featured topics include:

• Account Disclosure Requirements
• Change in Terms Notifications
• Compounding vs. Crediting
• Periodic Statement Requirements
• The Importance of Consistent Terminology
• Overdraft Related Disclosures
• Regulatory Guidance, Expectations & Much More!

Published
2022/01/28