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Stay Compliant and Minimize Risk with the NBA Compliance Handbook

Are you seeking a reliable resource to navigate the ever-evolving landscape of compliance in the financial industry? The Compliance Handbook covers the latest regulations and guidelines to ensure compliance and minimize risk.

An annual subscription of $500 provides all of your bank's employees - at all locations - access to the Handbook through their NBA login. Over 100 NBA-member banks of all sizes are currently utilizing this resource!

The Handbook includes information on:

Compliance Management

Consumer Financial Protection Bureau

Governance

Bank Structure

Security

Personnel

Record Retention

Public Disclosure

Privacy

Deposit Accounts

Public Funds

Bank Promotion

Nondeposit Products

Unclaimed Property

Secured Transactions

Real Estate

Lending

Environmental Issues

Miscellaneous Issues

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

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Legislative, Policy & Regulatory Updates

FFIEC Releases HMDA Data

The Federal Housing Institutions Examination Council (FFIEC) published 2022 Home Mortgage Disclosure Act (HMDA) data for 4,460 financial institutions, covering 14.3 million home loan applications. The data indicates the share of mortgage loans originated by independent mortgage companies not affiliated with depository institutions declined in 2022, accounting for 60.2% of mortgages compared to 63.9% in 2021.

The report also indicated that the percentage of closed-end home purchase loans granted to Black borrowers increased from 7.9% in 2021 to 8.1% in 2022. However, there was a slight decrease from 9.2% to 9.1% in loans granted to Hispanic-White borrowers. Meanwhile, loans given to Asian borrowers experienced an increase from 7.1% to 7.6%.

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Regulators Adopt Updated Commercial Real Estate Accommodation Policy Statement

The federal bank regulatory agencies issued a joint policy statement on commercial real estate loan accommodations and workouts. The statement calls on financial institutions to "work prudently and constructively" with good borrowers during times of financial stress. The statement updates previous guidance, adding a section on short-term loan accommodations, which includes payment deferral agreements or other assistance.

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Fed Announces FedNow Early Adopters

The Federal Reserve (Fed) announced that 57 financial institutions and service providers have completed formal testing and certification before the FedNow Service launches later this month.

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Graduate School of Banking Opportunities

The Graduate School of Banking-Wisconsin (GSB) and the NBA are co-sponsoring two schools to be held in September and October: Sales and Marketing and Bank Technology Security. See the full schedule of upcoming GSB events here.

Meet bank intern Caden Kusek! He’s a senior Agribusiness Banking & Finance major at the University of Nebraska-Lincoln and a graduate of Loup City Public Schools. Caden is interning at Town & Country Bank in Ravenna.

His ranching background helps him in his daily interactions with farmers and ranchers. He said, “I have always enjoyed farming and ranching, so I wanted to find an internship where I could work with farmers and ranchers every day. Being able to help [them] every day is something that means a lot to me.”

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The NBA wants to spotlight your bank’s interns! Ask them to complete this form to be featured.

Review Alliance

Did you know that a bank's Social Media and Advertising program should factor in consumer privacy and copyright laws?

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Compliance Alliance

Q: On Regulation E error investigations, does a customer have to be given provisional credit if the investigation is conducted within the first day of the dispute and proven the customer is liable for the purchases?

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The Nebraska Department of Health and Human Services (DHHS) will hold its annual elder justice training on Aug. 16 from 8:30 a.m. to 4:30 p.m. CDT in Lincoln and via streaming. Banking with aging adults and elder frauds and scams are among the topics to be covered during this free event.

Learn More and Register