As of November 22, 2010, all credit unions have been notified by e-mail and by a CBS Issue Tracking e-mail with the instructions and requirements for switching your credit union to the new Reg Z Periodic Member Statements. If you have not received at least one of these notifications, please contact us at support@camsbycbs.com immediately.<\/p>\n
For credit unions that do not switch themselves, it is our intention to automatically switch on the new Reg Z Periodic Member Statements with the installation of the Year-End Release in December. However, this does not free credit unions from their responsibility for configuring fees and transaction codes before the Year-End Batch runs.<\/p>\n
IMPORTANT:<\/b> We strongly encourage you to complete the switch\/configuration by end of the day, November 29, 2010. In this way, many of you will have at least one statement produced before the end of the year.<\/p>\n
Credit unions that do not designate which fees and transactions are disclosable and loan-related may not have accurate fee information reported on their member statements. <\/p>\n
If you have any questions about what is a disclosable fee or transaction, please contact the appropriate regulatory authority. CBS does not provide regulatory guidance or compliance interpretations for credit unions.<\/p>\n
For questions concerning the configuration of CAMS-ii, please consult the instructions attached to the CBS Issue notifying you about these statements, or click here to access the latest version of the Implementation Instructions.<\/a><\/p>\n