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Take Action: Urge Congress to Support Section 1071 Resolution

Bankers are urged to contact their lawmakers and ask them to support a Congressional Review Act resolution expressing disapproval of the Consumer Financial Protection Bureau's (CFPB) recent final rule under Dodd-Frank Act Section 1071. The rule requires the collection and reporting of credit application data for small businesses, including women-owned and minority-owned small businesses, which may restrict access to credit for small businesses and create privacy risks.

Take Action

Sponsor an In-School Savings Bank

Does your bank want to enhance the financial knowledge of young people in your community? Help promote good financial habits across Nebraska by joining the 25 NBA members that sponsor an in-school savings bank! For more than 20 years, in-school savings banks have been successfully implemented in Nebraska elementary schools. Students make weekly savings deposits at their school's branch, with the custodial account being managed by the school and audited by the partnering financial institution. Instead of interest, students earn incentives in the form of awards from the partnering bank.

The program helps engrain savings as part of a student's future plans and build positive relationships with banks. Research shows students who participate in in-school savings programs are more likely to have a bank account in high school compared to non-participants.

The Nebraska Council on Economic Education (NCEE) provides assistance to establish a program. The NCEE is currently looking for a bank in Kearney to partner with an elementary school interested in establishing an in-school savings branch.

See a list of in-school savings banks here. For additional information or to get started, please contact Kara Heideman at the NBA at kara.heideman@nebankers.org or Dr. Jennifer Davidson at the NCEE at jdavidson2@unl.edu.

Take a look at the current NBA Annual Convention attendee list and make sure your name is included. The Convention is scheduled to take place from May 3-5 at Embassy Suites in La Vista. There’s still time to register! You can complete the registration form found here or contact the NBA Education Center at nbaeducation@nebankers.org or 402-474-1555 to finalize your registration.

Starting Friday, April 28, you can bid on items on the NBA BankPAC Online Auction. From sports tickets to home decor, there's something for everyone! Plus, don't miss your chance to win a Traeger grill by purchasing raffle tickets beginning at $25. Proceeds from the raffle and auction will benefit the NBA State BankPAC.

Register for the Auction

Purchase Raffle Tickets

For more information about the auction or NBA BankPAC, contact Jennifer Heaton at the NBA at jennifer.heaton@nebankers.org or 402-474-1555.

Legislative, Policy & Regulatory Updates

NBA, State Bankers Associations Advocate for Diverse U.S. Banking Sector

The NBA and the 51 other state banking associations recently sent a letter to Congressional leaders reinforcing the strength and resilience of the U.S. banking sector. The letter highlights the importance of maintaining a robust and diverse U.S. banking sector and emphasizes the unique value that banks of all sizes and business models contribute to the financial system and the economy. As policymakers consider legislative and regulatory proposals, the letter urges them to take steps to enable all segments of the banking sector to compete and succeed.

Read the Letter

Agencies Issue Statement on AI-based Discrimination

The CFPB, Justice Department, Equal Employment Opportunity Commission and Federal Trade Commission issued a joint statement highlighting the potential for AI and automated systems to produce outcomes that result in illegal discrimination. The agencies pledged to monitor the development and use of automated systems and promote responsible innovation. They also committed to using their authorities to protect individuals' rights regardless of whether legal violations occur through traditional means or advanced technologies.

Read the Statement

Review Alliance

Did you know that the term 'annual' for delivery of the bank's Annual Privacy Notice does not strictly refer to the calendar year?

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Compliance Alliance

Q: Is it permissible to apply a new account hold to a U.S. Treasury Check?

Learn the Answer

The U.S. Department of Agriculture Farm Service Agency has a number of programs to assist farmers and ranchers impacted by the ongoing drought, including:

• Livestock Forage Disaster Program
• Emergency Assistance for Livestock
• Conservation Reserve Program Emergency Haying and Grazing
• Emergency Loan Program
• Emergency Conservation Program
• Noninsured Crop Disaster Assistance Program

Several counties in Nebraska are experiencing drought conditions significant enough to qualify for one or more of these programs.

Learn More