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CFPB RIN: 3170-AB21 Publication ID: Fall 2023 
Title: ●Regulation DD 

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.

Agency: Consumer Financial Protection Bureau(CFPB)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: 12 CFR 1030   
Legal Authority: 12 U.S.C. 4301 et seq.   
Legal Deadline:  None
Action Date FR Cite
Long-Term  To Be Determined 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Thomas L. Devlin
Office of Regulations
Consumer Financial Protection Bureau
Washington, DC 20552
Phone:202 435-7700