12 CFR Part 1030

Reg DD Compliance Execution for Neobanks

Regulation DD requires disclosure of deposit account terms and conditions. Canarie helps you execute Reg DD compliance through automated workflows for disclosure accuracy, APY verification, and advertising compliance. Specifically tailored for the compliance requirements of neobanks.

More for Neobanks

Key Requirements

1
Account opening disclosures
2
APY calculation accuracy
3
Periodic statement requirements
4
Change-in-terms notices
5
Advertising requirements
6
Record retention

Neobanks Compliance Challenges

Meeting sponsor bank compliance requirements
Building compliance credibility
Scaling compliance with user growth
Preparing for potential direct regulation
Managing third-party risk

How Canarie Helps Neobanks

Automated Workflows

Recurring Reg DD Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Actual damages
Statutory damages $100-$1,000
Class action damages up to $500,000
Attorney fees and costs

Frequently Asked Questions

Automate Reg DD Compliance Execution for Your Neobank

See how neobanks execute compliance with confidence.