JMFA

Did you know? A strategic approach to vendor negotiations helped First Bank & Trust save nearly $1 million while ensuring a seamless core conversion. Read on to learn more about their success story. hubs.ly/Q039Plz70

⏳ Overdraft oversight is shifting—hear from ADVANTAGE’s Cheryl Lawson & John Cohron tomorrow at 2 PM CT for a deep dive into the latest overdraft compliance updates and strategic best practices.📌 Register now at hubs.ly/Q03cP79G0

Jason Stverak, Chief Advocacy Officer at the Defense Credit Union Council, wrote "#Overdraftprotection is a service – a valuable #safetynet that members choose, not an unfair penalty imposed on them." We agree, Jason! #consumerprotection #CUforlife hubs.ly/Q03dFf7Z0

Overdraft oversight is shifting! Register for the webinar to hear from the ADVANTAGE team about what you need to know to stay ahead. 📌 Don’t wait—register now: hubs.ly/Q03cNpFY0 #OverdraftStrategy #BankingCompliance #CreditUnions #FinancialInstitutions

ADVANTAGE is seeking a Relationship Manager (RM) responsible for leading strategic engagement, renewals, and cross-sales for banks and credit unions, across both the retail and commercial banking spectrums. Apply today! hubs.ly/Q03dmmW60

A Federal Reserve Bank of NY survey found that just 63% of respondents can come up with $2,000 in an emergency. ADVANTAGE is the leader for transparent, compliant overdraft privilege software that is easy to use and oh so helpful for your community hubs.ly/Q03cr4wB0

Exciting news! The Tennessee Credit Union League and Mississippi Credit Union Association have announced plans to pursue a merger. Read more here hubs.ly/Q03cjP5R0

Instead of using a one-size-fits-all approach, FIs that tailor messaging and engagement strategies based on account holder personas see higher conversion rates, stronger engagement, and long-term retention. hubs.ly/Q039y4cQ0

This week, NCUAs Todd Harper issued a statement about the decision to stop collecting total overdraft and non-sufficient fund (NSF) fees for federally insured credit unions with more than $1 billion in assets beginning with Call Reports for Q1 2025 hubs.ly/Q03bWBqv0

Whether it’s a core processing agreement, or card services, FIs often feel locked into terms that don’t serve their best interests. Without a strategic approach you might be paying more while missing out on valuable service improvements. hubs.ly/Q039yx-_0

Our webinar "What’s Next for Overdrafts? A Regulatory and Strategy Update" is happening April 9th at 2 PM CT—are you registered? Secure your spot! hubs.ly/Q03bMh3G0

CFIs should routinely evaluate their overdraft programs. One practice introduces an increased level of risk: dynamic limits. Banks and credit unions should strongly consider if that risk is worth any potential benefits that such a program may provide hubs.ly/Q039MKfM0

For CFIs, today's regulatory uncertainty underscores the need for a proactive approach. With the rules now unclear, CFIs must continue to evaluate their overdraft practices to ensure they align with best practices and regulatory expectations. bit.ly/3QGYliL

Rather than applying a fixed overdraft fee structure, some FIs use algorithms and variables such as overdraft history and consumer behavior to change the limits of the overdraft so that a consumer doesn't know from one day to another what their limit is! bit.ly/4ig2EgG

CFPB’s COO Adam Martinez to testify in court 3/10 to discuss how the bureau is carrying out its legally mandated functions, including responding to consumer complaints. At issue are potentially mixed messages from within the agency. bit.ly/4kiWbn3

In today’s competitive financial landscape, an overdraft privilege program must do more than generate income. It must be fair, transparent, and consumer-focused to meet evolving regulatory expectations while fostering loyalty. #consumer #transparency hubs.ly/Q037pXLm0

Never a dull moment - Jonathan McKernan, appearing before the Senate Banking Committee during a hearing on his nomination to lead the CFPB, told lawmakers Thursday (Feb 26), “All too often, … the CFPB has gotten in the way of its own mission.” hubs.ly/Q038NxL70

Overdraft programs are non-interest income streams, yet the combination of regulatory pressures/increased competition prompts many to reassess their fee strategies. Before making any changes, it’s critical to recognize that there’s no universal answer. hubs.ly/Q037pZYj0

Regulatory Shifts Are Here—Is Your Overdraft Strategy Ready? While regulatory change seemed imminent, recent developments at the Consumer Financial Protection Bureau (CFPB) have introduced new uncertainty. Read more hubs.ly/Q037ghs90

Our solutions empower you to strengthen your financial position, support your customers, and drive sustainable growth. Read our blog: 3 Strategies for Success During Financial Uncertainty hubs.ly/Q037gc_k0