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NBA Committees Held Annual Summer Meetings

The Nebraska bankers who serve on the NBA Education Advisory Committees gathered last week in Hastings. During this annual planning event, committee members identified topics of interest for quality, cost-effective training delivered in a variety of formats.

The NBA Government Relations Committee also met to review legislation carried over from the 2023 legislative session. Additionally, they discussed potential affirmative legislative topics for the 2024 session.

The NBA is a banker-driven organization. If you're interested in serving on an NBA committee, watch Update for the committee volunteer application in December.

Good question! Our PAC dollars have become very important due to the effects of term limits on our state senators. The dollars help elect candidates who support pro-banking and pro-business policies. NBA BankPAC is a critical part of the NBA's government relations efforts.

We have received $91,692 toward our $160,000 goal! For those banks and bankers who have already contributed to the 2023 NBA BankPAC Campaign, we extend our appreciation for your support. We recognize our members who have made voluntary contributions to NBA BankPAC on the NBA BankPAC Honor Roll.

If you have questions about the NBA's political action efforts, please do not hesitate to contact NBA BankPAC Committee Chair Luke Rickertsen, Flatwater Bank (Gothenburg), at 308-537-7181 or Jennifer Heaton at the NBA at 402-474-1555.

Learn More or Donate Online

Bankers Encouraged to Apply for CFPB Council

The Consumer Financial Protection Bureau (CFPB) is inviting individuals to apply for positions on the Community Bank Advisory Council, consisting of employees at banks with less than $10 million in assets; members of the Council will provide input to the CFPB's director.

NBA Chair Lydell Woodbury, First Nebraska Bank (Valley), encourages Nebraska bankers to apply for the Council. "Serving on the Community Bank Advisory Council is an opportunity to make a real difference in our state's banking industry. Please consider applying to serve and help ensure our interests are represented," Woodbury said.

Applications will be accepted from July 3 through July 16.

Learn More

Legislative, Policy & Regulatory Updates

Compliance Updates - June 9, 2023

• CFPB Circular - Unfair Acts or Practices
• CFPB-Policy Statement on Abusive Acts or Practices
• FinCEN Beneficial Ownership Guidance

Regulators Seek Input on Proposed Guidance for Reconsideration of Value in Residential Real Estate Transactions

Federal banking regulators are seeking comments on proposed guidance on the reconsideration of value (ROV) for residential real estate transactions. ROV allows financial institutions to reassess valuation reports based on deficiencies or new information. The guidance outlines risks, laws, and existing guidance and suggests incorporating ROV into existing risk management functions.

Read the Proposed Guidance

OCC Proposes Survey on Public Trust in Banking

The Office of the Comptroller of the Currency (OCC) is seeking feedback on a proposed survey regarding public trust in banking and bank supervision. The survey, to be conducted annually, aims to monitor and evaluate consumer trust in banks and banking supervision over time. The OCC will utilize the survey results to identify opportunities for enhancing trust.

Learn More

NBA Intern Spotlight

Meet Bailey Klanderud, the NBA’s new communications & marketing intern! She’s originally from Omaha and is studying business administration and communications at Nebraska Wesleyan University. 

What are you looking forward to in your new role?

I am excited to learn more about the banking industry

in order to better serve our members with their communication and marketing needs.

What are your hobbies?

My current obsession is “House of the Dragon” on HBO Max. I think it is great that they are able to come back strong after a disappointing “Game of Thrones” finale. I also like to find the best places to eat in town, so if you have any suggestions let me know!

Order Scenes of Nebraska Calendars

The Aug. 6 "Early Bird" ordering deadline for the 2024 Scenes of Nebraska Calendars will be here before we know it! Calendars ordered by this date should ship by early Oct. The final ordering deadline is Sept. 3. You can learn more about the ordering process and place your order here.

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

Review Alliance

Do you know when a loan application triggers a Loan Estimate?

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Compliance Alliance

Q: Does CAN-SPAM require a marketing email to have some variation of "AD," ADV" or "ADVERTISEMENT" in the subject line?

Learn the Answer

With so much competition out there, it might be hard for your bank to get noticed. That doesn’t have to be the case!

BankMarketingCenter.com has pre-designed campaigns for social media, print and even TV ads for your branch. You can sign up for a free webinar to learn more about the features and benefits of Bank Marketing Center.