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JMFA Compliance Team Meets with Regulators Regarding Overdraft Solutions
Meeting opens dialogue as regulators contemplate new regulations

By Cheryl Lawson, EVP-Compliance Review

In a recent meeting with the Consumer Financial Protection Bureau (CFPB) JMFA’s Compliance team discussed the benefits that fully-disclosed overdraft programs provide for consumers when they experience financial difficulties. Regulators were receptive to our account holder education materials and risk-avoidance strategies for financial institutions.

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When Did Your Overdraft Program Last Undergo a Thorough Review?
When did your overdraft program last undergo a thorough review?  Extensive regulatory changes have contributed to significant revenue losses and compliance risks.  Learn how to protect and improve revenue as well as protect your financial institution from compliance risks. Read more
Steps You Can Take to Remain Viable in Uncertain Times

By John M. Floyd, Chairman and CEO

Since the economic downturn in 2008, financial institutions across the nation have made adjustments to increase revenue and reduce expenses. But no one expected the difficult conditions to last as long as they have. Five years later, economic and regulatory factors continue to restrict revenue opportunities. Financial institutions face new worries today about the cost of regulations, increased capital requirements, low interest rates, and reduced loan quality and demand.

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Solutions Spotlight
When Did Your Overdraft Program Last Undergo a Thorough Review?
When did your overdraft program last undergo a thorough review?  Extensive regulatory changes have contributed to significant revenue losses and compliance risks.  Learn how to protect and improve revenue as well as protect your financial institution from compliance risks. Read more
Floyd’s Forum: Revenue Isn’t Expected to Return in the Near Term
Steps you can take to remain viable

By John M. Floyd, Chairman and CEO

Since the economic downturn in 2008, financial institutions across the nation have made adjustments to increase revenue and reduce expenses. But no one expected the difficult conditions to last as long as they have. Five years later, economic and regulatory factors continue to restrict revenue opportunities. Financial institutions face new worries today about the cost of regulations, increased capital requirements, low interest rates, and reduced loan quality and demand.

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