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|Arrowhead CU team members deliver groceries to Mary’s Mercy Center.|
During the webinar, Catalyst provides an overview of Section 1073 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, highlighting modifications that were incorporated into the 2013 final rule. A detailed discussion follows on various aspects of the disclosure process, including when disclosures are required, what information must be included in a disclosure, timing connected with the disclosure, how the wire process might look with the disclosure built into the process, and error resolution.
Catalyst also introduces its proprietary solution for international wires: a direct interface with JP Morgan, along with programming enhancements within TranZact, and Catalyst's online account management system to automate and simplify the back-end process for credit unions. The seamless solution does not require integration effort on the part of credit unions.