For anyone in banking, regulations are a constant, and rightfully so. However that doesn’t make it any easier for those who are responsible for ensuring compliance.

As you know, changes to “Regulation Z” (which became effective yesterday, October 1st) are impacting the way financial institutions have to post certain product and rate information.

As the go to web partner for over 40 banks and credit unions, we’ve seen a fair increase in support calls for users of our RateDisplay rate web publishing system. Specifically users are needing to alter the way certain tiered rate products are listed on their tables.

The great news is that we’ve got you covered. With the latest release of RateDisplay, version 3.11, users can now create a custom rate field. By using that field and making a few adjustments to the individual rate products, you can present these rates in a Reg-Z compliant manner.

If you are already on version 3.11, contact our Customer Service team to find out how you can rework your rate tables.

Over the coming week we will be contacting our clients not currently on the latest version, to discuss what your upgrade path is and what needs to happen. You may also contact us at anytime if you'd like to get the process started sooner.

-- Mike

follow me on Twitter: @mikevilla