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Branch Employees Play Essential Role in Keeping Your Overdraft Program Compliant

By John M. Floyd, Chairman & CEO

Following the implementation of Regulation E opt-in requirements on charging overdraft fees for electronic transactions, consumer advocacy groups have monitored overdraft program marketing techniques used in large banks. In some instances they identified situations where inconsistent, unclear or incorrect information was provided to account holders. Find out how to alleviate compliance concerns and strengthen account holder relationships.

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Are Temporary Staffing Needs Causing You Full-Time Headaches?
By Bryan Hanks,  Vice President, JMFA Recruitment Services

Temporary staffing needs can be a source of stress for financial institutions. Plus, with ongoing challenges in the financial industry and long-time employees entering in their retirement years creating vacancies at bank and credit unions, retaining highly qualified employees is key. With proper planning and expertise in place, fulfilling any staffing needs that arise can be a smooth process.

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Review Card Vendor Contracts Before EMV Deadline

By Kelly Flynn, National Director

EMV Chip technology will soon alter credit and debit card standards. This change presents an opportune time for financial institutions to review card brand vendor contracts and discover possible savings and better terms, while providing stakeholders with a peace of mind.

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Strategic Planning Must-Haves That Are Often Overlooked
In today’s environment, neglecting these key business strategies can negatively impact long-term planning and performance

By Keith Hughey, Senior Consultant

Make the most of your strategic plan to maintain a strong organization and achieve your goals. Many institutions believe that they are covering all the bases, however, many unknowingly omit certain initiatives that can make all the difference in staying profitable and competitive. Find out what your plan may be missing.

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Effective Digital Technology is Essential for Long-Term Account Holder Service Strategy

By Jan Southern, Senior Consultant

While the use of technology and mobile capabilities for accessing financial services is on the rise, having a balanced approach is necessary in order to maintain an effective high tech/high touch customer service strategy.

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The Secrets to Successfully Recruiting Millennials

By Charles Shanley, SPHR, CFS, Executive Vice President, Recruitment Services

As Baby Boomers continue on their path to retirement, financial institutions have an opportunity to re-populate many of their open positions with energetic, eager candidates from the Millennial workforce. But the tool book is different for successfully recruiting these candidates. 

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What it Takes to Manage a Multi-Generational Workforce
By Keith Hughey, Senior Consultant

Combining the knowledge, talents and skills of a multi-generational workforce can provide a host of valuable resources in today’s changing business environment. But getting the most benefit from what employees of each generation have to offer requires the ability to understand what motivates individuals to contribute to making the institution successful.

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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
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