What regulatory requirement is associated with the truth in savings?

The correct answer is associated with Regulation DD, which implements the Truth in Savings Act. This regulation primarily focuses on ensuring that consumers receive clear and accurate information regarding the terms and conditions of deposit accounts offered by financial institutions.

Under Regulation DD, financial institutions must provide disclosures that outline key factors such as interest rates, annual percentage yields (APY), fees, and any penalties that may apply to accounts. These requirements are designed to promote transparency and help consumers make informed decisions when choosing savings accounts, thereby enhancing their understanding of the potential returns and costs associated with their deposits.

This emphasis on transparency and consumer protection underlies the purpose of the Truth in Savings Act, making Regulation DD the regulatory requirement that specifically addresses these expectations for financial institutions.