View as Webpage

NBA Seeks Internship Hosts

The NBA is looking for banks to host an intern next year. Each year, we coordinate the placement of several interns at member banks. The interns are part of the Agricultural Banking & Finance Program at the University of Nebraska-Lincoln and the Finance and Banking Program at the University of Nebraska at Kearney. In addition, the NBA also receives inquiries from other students interested in interning at a Nebraska bank. 

By hosting an intern at your bank, you’re introducing college students to the many career possibilities in banking and growing the future banking workforce. Not only do interns contribute fresh ideas and provide meaningful contributions, but they also provide long-term advantages to your bank. Satisfied interns are more likely to become lifelong advocates for your bank and the banking industry, promoting your organization's reputation and helping to attract future talent.

If your bank has never hosted an intern or if you wish to enhance your existing internship program, the NBA is here to support you. We are developing an internship toolkit specifically designed to assist our members in building successful intern programs, ensuring a rewarding experience for both interns and banks.

Sign Up

To help promote careers in banking, the NBA wants to spotlight your interns on social media. Share this form with your bank’s interns. 

Austin Rice interned at Homestead Bank last summer as part of the NBA’s Ag Banking & Finance Program. After graduating in May, he joined the bank as an assistant loan officer.

Legislative, Policy & Regulatory Updates

Compliance Update - June 16, 2023

• Nebraska Small Estate Affidavit Procedures for Personal Property

FDIC Updates Guidance on NSF Fees on Re-Presented Transactions

The Federal Deposit Insurance Corporation (FDIC) has provided revised guidance regarding the lookback review for multiple nonsufficient funds (NSF) fees charged to customers for transactions presented multiple times against insufficient funds in their accounts. The guidance states that the FDIC will not require an institution to conduct a lookback review unless there is a likelihood of significant harm to consumers. However, the guidance does not specify what qualifies as "substantial consumer harm."

The guidance, initially issued in August 2022, outlines various risk-mitigating activities that institutions can undertake concerning multiple NSF fees. It also clarifies the FDIC's supervisory approach for taking corrective action in cases of law violations.

Read the Guidance

Senate Banking Committee Advances Compensation Clawback Bill

Today, the Senate Banking Committee passed the Recovering Executive Compensation Obtained from Unaccountable Practices, or RECOUP, Act. The bill would give the FDIC authority to recover specific compensation from senior executives at failed banks. This includes the profits gained from selling the bank's stock up to two years before the failure.

Learn More

Resolutions Opposing CFBP Data Collection Rule Introduced in Senate, House

Congressional Review Act resolutions expressing disapproval of the Consumer Financial Protection Bureau's (CFPB) recent final rule under Dodd-Frank Act Section 1071 have been introduced in the Senate and House. Nebraska Sens. Deb Fischer and Pete Ricketts and Rep. Mike Flood are cosponsors of their respective resolutions. 

Read the Resolution

Fed Publishes Master Account List

The Federal Reserve released a roster of financial institutions that either have or requested access to the master accounts and payment services. A provision in the 2022 National Defense Authorization Act mandated the release of the list. 

Learn More

Review Alliance

Did you know that certain advertising terms can be considered inaccurate or misleading?

Learn More

Compliance Alliance

Q: We have a loan request to consolidate multiple student loans secured by a car title. Is a consolidation of student loans a “private education loan” under Regulation Z that requires student loan disclosures? 

Learn the Answer

The FDIC and the Office of the Comptroller of the Currency (OCC) are holding a webinar on disaster recovery in the wake of federally-declared disasters in Nebraska. A panel will provide information on housing and small business resources for duster recovery and community development lending, investment and service opportunities that may receive Community Reinvestment Act consideration. Along with the FDIC, and the OCC, the panel will include representatives from the U.S. Department of Agriculture, the U.S. Department of Housing and Urban Development, the U.S. Small Business Administration, the Nebraska Emergency Management Agency and the Nebraska Investment Finance Authority. The webinar is July 19 from 11:30 a.m. to 1:00 p.m. CDT. 

Register