Which agency is responsible for enforcing TISA compliance for national banks?

The Office of the Comptroller of the Currency (OCC) is the agency that oversees national banks, ensuring they comply with various regulations, including the Truth in Savings Act (TISA). This act was designed to promote transparency and fairness in the savings account market by requiring financial institutions to provide clear and accurate information about interest rates, fees, and terms associated with their savings products. The OCC's mandate includes regulating and supervising national banks to make sure they adhere to consumer protection laws like TISA, allowing consumers to make informed decisions regarding their savings accounts.

The other agencies mentioned, while also playing roles in banking regulations, have different focuses or jurisdictions. For example, the Federal Reserve Bank primarily manages monetary policy and regulates bank holding companies, but it is not the main enforcer for national banks regarding TISA. The Consumer Financial Protection Bureau (CFPB) is focused on broader consumer financial protection laws and oversees various financial institutions, including some compliance aspects of TISA, but it does not specifically enforce compliance for national banks. The Federal Deposit Insurance Corporation (FDIC) primarily insures deposits at state banks and savings associations but does not have the primary enforcement responsibilities regarding TISA for national banks. Thus, the OCC is the correct agency in this context.