Which statement regarding the requirements of Regulation DD is true?

The statement regarding the requirements of Regulation DD that is true focuses on the disclosure obligation related to fees. Regulation DD, implemented under the Truth in Savings Act, mandates that financial institutions must provide clear and concise information about the terms and fees associated with deposit accounts. This includes the requirement to disclose all fees that are imposed during the statement period on periodic statements. By informing consumers about these fees, banks promote transparency and enable account holders to better understand the costs associated with their accounts, helping them make informed financial decisions.

The other statements, while related to aspects of Regulation DD, do not accurately reflect its requirements in this context. For instance, the requirement regarding when interest must begin accruing is not strictly defined as "no later than the second business day," and the compounding of interest is subject to the specifics of the account type rather than a strict monthly requirement. Additionally, although banks often send periodic statements quarterly, there are exceptions for certain account types, hence it cannot be universally stated as a requirement applicable to all accounts.