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Don't Let Old Habits Prevent You from Being a Great Leader

By Keith Hughey, Senior Consultant

As financial institutions retool their business models to create a better service experience for consumers, it is also important to make sure they are creating a healthy work environment for employees. Ineffective leadership strategies can negatively impact growth potential just as much as outdated business approaches.

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The Art of Successful Contract Negotiations

By Kelly Flynn, National Director

Maintaining proper cost controls is an ongoing function of operating a healthy institution. But when it comes to successfully renegotiating vendor contracts, getting the absolute best prices, terms and service takes industry and product knowledge, established vendor relationships and negotiations expertise.

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Floyd's Forum: It's Time to Uncloak Overdraft Procedures and Fees

By John M. Floyd, Chairman and CEO

As regulators continue to consider whether new rules on overdraft services are needed, too many consumers continue to express confusion regarding overdraft fees and policies implemented by financial institutions. The solution: Provide account holders with an effective solution for maintaining financial security and ensure total compliance with a fully communicated overdraft program.

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Compliance Corner: CFPB Releases Data Point on Checking Account Overdrafts

By Cheryl Lawson, EVP-Compliance Review

The Consumer Financial Protection Bureau (CFPB) continues to keep overdraft programs in its sights. Learn more about the CFPB’s latest Data Point on checking account overdrafts report and how its findings will affect the timing of any possible future ruling by the Bureau on overdraft fees and procedures.

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The Impact of Leadership on Successful Staff Development

By Keith Hughey, Senior Consultant

With increased regulatory expectations, new technologies and changing service expectations, it’s important for financial institutions to provide ongoing staff development opportunities that enable employees to maintain the knowledge and skills they need to do their jobs effectively. And while most organizations realize the importance of providing training resources, the success of staff development efforts greatly depends on the value management places on maintaining an environment of learning and professional growth at all levels of the organization. 


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While Regulators Delay Overdraft Ruling, Consistent Focus on Full Disclosure Remains Key to Maintaining Compliant Program

As the CFPB continues to determine which direction it will take with overdraft programs, it is in the best interest of financial institutions to maintain compliant practices to avoid procedures that are harmful to consumers.  

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Keep Your Branch Relevant as Account Holder Service Expectations Change

By Ron Jennings, Executive Vice President

As online and digital technology continue to provide consumers with alternative ways to complete financial transactions, the number of lobby teller line interactions is declining. Learn how an evaluation of your existing branch functionality – location, business volume, operating costs, service delivery options, staffing and service quality can keep your facilities thriving and relevant for account holders, both now and in the future.

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Compliance Corner: CFPB Releases New Study on Payday Loans
One of the top issues on the regulatory agenda for the Consumer Financial Protection Bureau (CFPB) is new rules for the payday loan market. A recent study released by the CFPB outlines its key concerns regarding how payday loans affect consumers. Read more
Categories: Articles
Overcoming the Barriers to Effective Leadership to Achieve Positive Results

By J. Keith Hughey, Senior Consultant


When decisions made at the top result in unintended consequences, staff morale and overall performance can be negatively affected. In an ever-changing, fast-paced business environment, financial institution leaders must be open to changing the way they look at things in order to succeed. Read more
Succession Planning is an Essential Element of Meeting Strategic Goals

By Charles Shanley, SPHR, CFS, Executive Vice President, Recruitment Services and J. Keith Hughey, Senior Consultant

For many organizations, a succession plan is developed to be used solely in the event of the departure of a C-level executive. But on-going attention to this important planning process can boost internal staff development processes in order to provide long-term continuity of culture and strategic awareness. Read more
Leveraging Human Capital to Achieve Your Strategic Vision and Goals

By J. Keith Hughey, Senior Consultant

As a leader, you may have a keen sense of where your institution needs to be to remain competitive; but you can’t get there alone. By sharing your vision and creating a sense of teamwork among employees, you can more effectively reach your ultimate performance objectives. Read more
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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The Rules on Overdraft Programs Have Changed, but Consumers Still Need a Financial Safety Net

By John M. Floyd, Chairman and CEO

As regulators determine their next steps regarding rules on consumer financial products, many consumers continue to face financial difficulties. By striking a balance of compliance and good service, you can alleviate your compliance concerns, increase revenue and provide account holders with a valuable resource.

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Challenging Business Environment Creates Need for Quality Leadership
Getting the best executive search results takes experience and connections

While there are many challenges outside of your control in today’s ever-changing business environment, professional recruiting expertise and resources can ensure that you gain access to the perfect leadership fit for your institution.

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Clear Up Cloud Computing Confusion with IT Contract Expertise

By Kelly Flynn, National Director

As data security continues to be a concern for regulators and consumers, financial institutions must have clear and reliable security policies in place before utilizing cloud technology to store and manage account holder information.

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