180-Second Exercise: New CFPB Ruling
January 22, 2025
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We talk with financial executives every day about the challenges and opportunities surrounding regulatory changes, and the new CFPB rule to close overdraft loopholes is no exception. This initiative, aimed at saving Americans billions in fees, is a timely and significant shift in the financial landscape. For institutions, it raises important questions about compliance, revenue, and customer relationships.
The following is a 180-second exercise prompts that can help encourage unique thinking. As a reminder, 180-second exercises are a tool for brainstorming. The idea is to be fast and creative – make sure analysis of your ideas doesn’t stifle your imagination.
Set a timer for 180 seconds and have your team jot down their thoughts.
What are 20 positive outcomes that could emerge from this change?
After the timer goes off, gather the team to share their ideas and identify recurring themes or trends in the responses. Use these insights as a springboard for deeper discussions on how your institution can adapt to and capitalize on this regulatory change, ensuring you stay ahead while delivering meaningful value to your customers.
