Important: Credit Card Act & Reg Z–Unraveling the Changes from August/September 2009" href="http://www.camsbycbs.com/wordpress/?p=724" rel="bookmark"> Credit Card Act & Reg Z–Unraveling the Changes from August/September 2009
Re-posted February 3, 2010.
As you all are probably aware, not all of the proposed changes in the Credit Card Act were enacted by President Obama when he signed the legislation.
To keep you in the loop on how CBS proposes to handle CAMS-ii software changes that occurred in August and September 2009 to assure compliance with the changes as we knew them at that time, please click here.
Important: We also ask for your ideas/input/feedback on unraveling the changes. This is explained in more detail in the attached PDF document.
Thank you to all of you that have already provided your feedback. If you have not responded, please consider doing so. Your ideas are important to us!
For all feedback, CBS requests that you enter an issue into the CBS Issue Tracking System and input a summary entitled “Untangling the Credit Card Act and Reg Z†and make sure that you enter your details into the issue's Description section.
A CAMS-ii Update, version 3.3.1
A 3.3.1 CAMS-ii update went out over the weekend; it installed over the
weekend (January 9-10) at a couple of credit unions and will install at the others either Monday night, January 11 or Tuesday night, January 12. The update includes the following:
-Fixed an occasional non-member photo ID scan problem.
-Fixed Internet Branching with members that change their mailing address by entering a five-digit zip code. The system was not properly formatting for a nine-digit zip code display. This caused problems with the CO-OP address verification.
-Added an additional method for Dormant fees and additional fields are
included in the .CSV export file.
-Fixed an occasional issue when removing manual share holds: Sometimes the hold could not be removed because the Reason included an apostrophe.
-The Loan Payoff inquiry includes a new account selection box so you can easily select other loans for the member.
-Fixed an occasional issue concerning deleting Teller IDs.
NOTE: You should mark the teller ID as inactive and let the system automatically remove after quarter-end once the teller descriptive information has been recorded in the history transaction file.
-eDocuments can now have the document description (Late Notice, Renewal Notice, and so on) included in the e-mail subject line so that the members quickly see the important items. This change is controlled by a parameter at your Internet Branching site, please contact CBS support if you want to enable this feature.
-Fixed a problem in DRM where the eDocument description did not appear when building an eDocument package.
-Back Office Bulk scanning has some new features:
+ Deleted images are now referred to as Voids to alleviate confusion. We do not delete the items, so they are available for audit purposes; however, we void the items so they are not included in the cash letters.
+ There is a new ADMIN mode that allows an ADMIN to release a teller's bulk scanned checks for the cash letter in case the teller is not available, for whatever reason. This can be enabled via normal menu security setup under Teller ID Maintenance.
Please address any questions concerning this announcement to the CBS Issue Tracking System.