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FRS RIN: 7100-AD21 Publication ID: Fall 2008 
Title: ●Regulation DD--Truth in Savings (Docket No. R-1315) 
Abstract: The Federal Reserve Board (Board) on May 19, 2008, published for comment proposed regulations to amend Regulation DD, which implements the Truth in Savings Act, and the staff commentary to the regulation. The proposed amendments would establish content and timing requirements for a notice to consumers about any right to opt out of and institution's overdraft service. (The substantive requirement to provide an opt-out notice is proposed in a separate proposal under the Federal Trade Commission Act, also published on May 19, 2008 (73 FR 28904)). Requirements for disclosing overdraft fees on periodic statements would be expanded to apply to all institutions and not solely to institutions that promote the payment of overdrafts. The proposed amendments also address the disclosure of account balances provided in response to balance inquiries for consumers. The comment period closed on July 18, 2008. 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 230   
Legal Authority: 12 USC 4301 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Board Requested Comment   05/19/2008  73 FR 28739   
Board Expects Further Action By  12/00/2008    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Ky Tran-Trong
Counsel
Federal Reserve System
Division of Consumer and Community Affairs,
Phone:202 452-3667