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In response to member concerns with meeting human resources compliance challenges, the NBA, through its for-profit subsidiary NBISCO, partnered with Nebraska-based Zelle Human Resource Solutions in a year-long collaboration to develop resourceHIVE™, a subscription-based platform designed to provide seamless virtual HR assistance. Tailored for Nebraska banks of all sizes, resourceHIVE™ offers a user-friendly experience, delivering efficient, secure and immediate solutions to HR needs.

On the HIVE website, questions are answered quickly by a real person who is fluent in the language of HR. The platform addresses several HR needs, including HR policy creation, job description development and navigating compliance issues such as the Family and Medical Leave Act, leaves of absence and workers' compensation. The resourceHIVE™ team can replicate and/or supplement your bank's current HR efforts.

Banks can choose from three resourceHIVE™ packages, each tailored to different needs and user requirements. Add-on services are also available for more advanced needs or projects.

Past NBA Chair Stephen Stull, chairman and CEO of Nebraska Bank in Hickman, is one of the platform's first customers. "resourceHIVE™ provides supplemental and technical support for our in-house HR staff. The professional resourceHIVE™ team offers us peace of mind that our HR needs are covered, especially as our bank grows and faces new HR compliance and reporting requirements," he said.

Visit theHIVEHR.com to learn more or request a product demonstration. Contact Zelle representatives at thehive@zellehr.com.

The NBA and the American Bankers Association (ABA) are offering two $1,500 scholarships for emerging leaders or young bankers to attend the ABA Washington Summit on March 18-20. Registration for the event is free, so the scholarships may be used for hotel and travel expenses. To enter the drawing to win a scholarship, submit your information by noon CDT on Jan. 26 to Jennifer Heaton at the NBA at jennifer.heaton@nebankers.org. Scholarship recipients will be notified by Jan. 29.

At the Summit, Nebraska bankers will be able to have their voices heard by visiting with all of Nebraska's congressional delegation. It's also an opportunity to hear directly from lawmakers and regulators about the major issues facing banks, customers and communities.

Legislative, Policy and Regulatory Updates

CFPB Urged to Halt Overdraft and NSF Fee Rulemakings Pending Evaluation of Economic Impact

The Consumer Financial Protection Bureau (CFPB) must postpone rulemakings on overdraft and nonsufficient funds (NSF) fees until it evaluates the economic effects on community banks and credit unions, the ABA, Independent Community Bankers of America and America's Credit Unions said in a joint letter. The Small Business Regulatory Enforcement Fairness Act requires the CFPB to assess the impact on small businesses before beginning rulemakings with significant economic consequences. Last fall, the CFPB announced plans to propose regulations on NSF fees and categorize overdraft fees under the Truth in Lending Act and Regulation Z.

Read the Letter

FinCEN Releases Financial Trend Analysis

A Financial Crimes Enforcement Network (FinCEN) analysis of Bank Secrecy Act data from 2021 reveals that approximately 41% of reports linked to suspicious activity were related to identity. Among the other findings, 69% of reports involving identity indicated attackers impersonating others to defraud victims, 18% involved the use of compromised credentials for unauthorized access to customers' accounts and 13% were related to insufficient verification processes. The financial trend analysis is intended to offer insights into patterns and trends of suspicious activities related to identity or those exploiting various stages of identity processes.

Read the Analysis

Community Banker Council Highlights Impact of Regulations

At its most recent meeting, the Federal Reserve's Community Depository Institutions Advisory Council raised concerns about new regulations that would make it harder for community depository institutions to remain economically viable. The Council specifically highlighted Regulation II, which would lower the cap on debit card interchange fees for debit card issuers with $10 billion in assets. Council members noted that such revenue cuts might cause smaller institutions to decrease lending or opt for mergers to offset losses.

Read the Meeting Minutes

Jan. 3 - 9

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Review Alliance

Did you know that not all wire transfers are covered by Regulation E?

Learn More

Compliance Alliance

Q: We have a customer who died in November, and they are set to receive social security benefits in December. Do we need to send this back?

Learn the Answer

The ABA Core Platforms Committee has released the second part of "Bankers' Perspectives: A Three-Part Guide to Successful Core Platform Conversions." The guide discusses converting to a new core and includes firsthand accounts from bankers who have been through a conversion.

Download the Guide