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Regulation DD implements the Truth in Savings Act (TISA), which requires the clear and uniform disclosure of the rates of interest which are payable on deposit accounts by depository institutions, and the fees that are assessable against deposit accounts, so that consumers can make a meaningful comparison among the competing claims of depository institutions with regard to deposit accounts. Regulation DD currently permits depository institutions to disclose that a variable interest rate is set at the institution’s discretion. As a result, many depository institutions disclose that interest rates are set at their discretion, making comparison shopping on variable rate deposit accounts difficult, and potentially allowing institutions to delay increasing the interest rates they pay to consumers when the Federal Reserve raises its interest rates. The CFPB is reviewing whether changes are needed in light of current market conditions.