The Federal law that requires U.S.depository institutions to make greater disclosure of the fees,interest rates,and other terms attached to the deposits they sell to the public is called the:

Question

Quizplus · Accepted Answer

The Truth in Savings Act (TISA) was passed by Congress in 1991 and requires depository institutions to provide clear and concise written information about the terms and conditions of deposit accounts to consumers. This includes information about fees, interest rates, and other features of the account. The purpose of TISA is to help consumers make informed decisions about their savings and avoid surprises, such as unexpected fees or penalties.

The Federal Law That Requires U