West Michigan-based date processing CUSO, CU*Answers, announced that with a recent enhancement to its CU*BASE^® core platform new tools have been added to assist credit unions in complying with the Credit CARD Act, which requires that members’ existing charges remain at the original rate when credit unions change credit card rates.

CU*Answers indicated that managing rates has been significantly improved to provide management with an easier system of changing rates, while maintaining existing rates for existing balances. The CUSO added that their goal was to alleviate the stress of complying with new regulations by providing software enhancements to address those burdens at no cost to its credit unions.