I did switch to OpenCL after installing the new video card. That’s when the problems started to occur. The fades work in software accelerated mode, but stop working when the OpenCL hardware acceleration is enabled, the whole reason for buying a new card in the first place. This led the adobe rep and me to conclude that the issue must be with the card/drivers and not the software. I did also uninstall and reinstall Premiere Pro CC 2014 just to verify that it wasn’t a NLE software issue.