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CUTEK adds Reg Z tracking to fee management console
MURRIETA, Calif. (12/16/11)--Financial technology services provider and consultant CUTEK Inc. has added Regulation Z requirements to its Fee Management Console product.

Fee Management Console already handles reversals of loan fees, including required adjustments to properly track fees covered by Regulation Z. This reversal handling properly tracks the reversal of loan fees covered by Regulation Z that were originally posted to share accounts, rather than directly to the affected loan.

Mutual Savings CU, with $166 million assets, Birmingham, Ala., is the first to use the Regulation Z requirements within Fee Manager.


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