A DD, or Regulation DD, is a set of rules created by the Federal Reserve Board that governs disclosures made by depository institutions, such as banks and credit unions, in connection with deposit accounts. Regulation DD includes provisions regarding account opening disclosures, periodic statements, advertisement of deposit rates, and other disclosures. The purpose of Regulation DD is to ensure that consumers are provided with clear and concise information about their deposit accounts so that they can make informed decisions about financial products and services.
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