Which regulation implements the Truth in Savings Act?

The regulation that implements the Truth in Savings Act is Regulation DD. This regulation is specifically designed to promote transparency and consistency in the disclosure of terms and fees associated with deposit accounts. By requiring financial institutions to provide clear and comprehensible information, Regulation DD ensures that consumers can make informed decisions about their savings options.

Regulation Z, on the other hand, relates to the Truth in Lending Act, which focuses on credit products rather than deposit accounts. Regulation E governs electronic funds transfers, and Regulation C pertains to data collection for the Home Mortgage Disclosure Act. Each of these regulations serves distinct purposes and applies to different aspects of financial services, which helps clarify why only Regulation DD addresses the specific requirements and objectives of the Truth in Savings Act.