What is the goal of the Truth in Savings Act regarding consumer financial products?

The goal of the Truth in Savings Act (TISA) is fundamentally focused on ensuring transparency and providing consumers with the necessary information about financial products. TISA aims to help consumers make informed decisions by requiring financial institutions to disclose key terms and conditions associated with savings accounts and other similar products. This includes details about interest rates, fees, and other important aspects that affect the consumer's decision-making process.

By mandating clear and accurate disclosure of this information, TISA empowers consumers to compare different savings options more effectively. This transparency is vital in fostering an informed marketplace where individuals can understand the true cost and benefits of their financial choices, thus promoting better financial outcomes. Therefore, option B aligns perfectly with the core purpose of TISA.