UPDATE

January 11, 2023

Share Your Bank's Financial Literacy Activities

Nebraska banks go above and beyond to provide financial education. The Leaders in Financial Education (LiFE Awards) are a way to recognize their efforts.

The LiFE Awards include the following:

LiFE Honors List

Whether in-person or online, bank financial literacy efforts include a broad range of activities. The LiFE Honors List recognizes the many ways banks improve the financial health of their communities.

Bank Innovation Award

This award is presented to a bank that implemented an innovative way to improve financial literacy.

Presentation Recognition

One bank from each of the three deposit size categories will receive this award. This will be based on the number of Get Smart About Credit, Teach Children to Save and other financial literacy presentations a bank gives.

Career Award

This award is presented to a banker who has been a valuable asset in leading the bank's financial literacy efforts for at least five years. A bank president, CEO or banker in a management position must be the one who nominates a banker for the Career Award.

Applications are due Feb. 28. Award recipients will be recognized on May 5 during the NBA Annual Convention in La Vista.

For more information, contact Laurie Johnson at the NBA at [email protected] or 402-474-1555.

Apply

Call for NBA Board of Directors and Chair-elect Nominations

The NBA Nominating Committee is seeking nominations for the board of directors and chair-elect.

Nominees should have involvement in NBA committees, NBA BankPAC contributions, community activities and the support of their banks.

Board nominees should have the respect of their peers and the credibility to represent the entire banking sector. While not required, previous service on the board of directors is highly desirable for the chair-elect nominee.

Nominations are due Feb. 27. The nominating committee will meet on March 23 to review nominations. Board members and the chair-elect are elected by a vote of the association's membership at the annual meeting on May 4, during the 2023 NBA Annual Convention.

For more information, contact Jennifer Heaton at the NBA at [email protected] or 402-474-1555.

Nomination Form

Committee Volunteer Deadline Approaches

Friday is the deadline to submit your application to volunteer for an NBA committee. This is a great opportunity to directly contribute to the growth and success of Nebraska’s banking industry.

Volunteer Form

Legislative, Policy & Regulatory Updates

Legislative Update

Jan. 6, 2023

Stay up to date by subscribing to the NBA Legislative Update. Sent every Friday during the legislative session, the newsletter recaps the week in the Nebraska Unicameral and issues affecting the banking industry.

Compliance Update - Jan. 6, 2023

Community Reinvestment Act Thresholds

Flood Named to Financial Services Committee

Nebraska Rep. Mike Flood has been selected to join the House Financial Services Committee. The Committee has jurisdiction over banking, housing and insurance issues and oversees several regulatory agencies, including: the Federal Reserve, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).

Regulatory Agenda Released

The Fall 2022 Semiannual Regulatory Agenda released last week by the Biden Administration lists the rulemakings federal agencies plan to initiate in the upcoming months.

Items on the Consumer Financial Protection Bureau’s (CFPB) agenda include reviewing whether overdraft fees are finance charges, considering new rules regarding non-sufficient funds fees and a final rule to implement the small business lending data collection of the Dodd-Frank Act.

The OCC, the Federal Reserve and the FDIC plan to issue a joint rule on Community Reinvestment Act modernization in March.

Learn More

OCC Provides Report to Congress

The banking system experienced a slight decline in profitability but remains strong, the OCC said in its annual report to Congress. The profitability of the 1,084 banks operating in the U.S. dropped to 1% from 1.3% in the previous year.

Learn More

Upcoming Events

Jan. 26 – State Government Relations Forum, Lincoln
Feb. 7-8 – Operations Conference, Lincoln
Feb. 13-14 – Mid-Winter IRA Essentials Workshop, Virtual
Feb. 14 – Young Bankers Day at the Capitol, Lincoln
Feb. 15-16 – Mid-Winter Advanced IRA Workshop, Virtual
Feb. 17 – Health Savings Account Seminar, Virtual
Feb. 22 – Safe Deposit: The Legal & Practical Issues Seminar, Virtual
Feb. 22-26 – Bank Executives & Directors Conference, Cabo San Lucas, Mexico

To see the complete event schedule, visit the NBA Event Calendar.

Graduate Schools of Banking Opportunities

Enrollment is open for the Graduate School of Banking at Colorado’s next session, July 16-28, 2023, in Boulder, CO. Learn more and apply here.

The Graduate School of Banking-Wisconsin (GSB-Wisconsin) and the NBA are co-sponsoring a variety of schools throughout 2023, including: Bank Technology Management, Digital Banking, Financial Managers and Sales and Marketing. View next year’s full schedule here.

Banks & Bankers

Jan. 4 - 10

Email your news, press releases, photos and/or newspaper articles to be published in Banks & Bankers. Send content to [email protected].

NBA Employee Spotlight

Meet Kathy Reiss, the new NBA Benefit Plans member bank education coordinator. Kathy is originally from Laurel, Mont. and attended Concordia University.

What are you looking forward to in your new role?

I am looking forward to meeting the bankers and the bank contacts to ensure they understand the value of their partnership with the NBA and the benefits available to them.

What is your favorite thing about Nebraska?

My favorite thing about Nebraska is the people.

What are your hobbies?

We live in the country, and I enjoy being outside. I volunteer at a kindergarten and I love being with the kids.

Review and Compliance Alliance

Review Alliance

Did you know that the right to rescind can be waived in certain circumstances?

Learn More

Compliance Alliance

Q: Does RESPA require that we collect a cushion for escrow accounts? How large of a cushion must be collected?

Learn the Answer