Showing results 1 to 5 of approximately 5.(refine search)
The cost of implementing consumer financial regulations: an analysis of experience with the Truth in Savings Act
The Truth in Savings Act mandates that financial institutions disclose certain information about the terms of consumer deposit accounts in specific forms and at specific times. Although many depository institutions provided disclosures of account terms before the act was passed in 1991, most did not satisfy completely all the requirements of the regulation (Regulation DD) adopted by the Federal Reserve Board to implement the law. Thus, the Truth in Savings law likely caused every depository institution to change its practices for consumer deposit accounts, and thereby to incur costs. ; To ...
Statement to Congress, May 16, 1989 (\\"Truth in Savings Act\\")
Truth in savings
Proposed new regulation to implement the Truth in Savings Act