The Truth in Savings Act (TISA) authorizes the Federal Reserve Board to promulgate regulations to assist consumers in comparing deposit accounts offered by depository institutions. This goal is served principally through the disclosure of fees, the annual percentage yield, the interest rate and other important terms of the account. The Board's rules are implemented through Regulation DD. Credit unions are not governed by Regulation DD, but are instead governed by a substantially similar regulation issued by the National Credit Union Administration (NCUA).
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