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Pre-Order Husker Sports Schedules

The NBA is now accepting pre-orders for 2022 Husker Sports Schedule Cards. This year, the cards include both football and volleyball schedules! You and your customers have regularly asked the NBA to print volleyball schedules, and we’re pleased to finally be able to offer them. We’re also excited to announce a partnership with two Husker athletes who will be featured on the cards.

The card will continue to be 4.5 inches by 3.625 inches. The 2022 football and volleyball dates will be on one side, with photos of a Nebraska football and volleyball player on the reverse.

Pre-orders will be processed and sent to member banks as soon as supplies arrive.

Go Big Red!

The Federal Reserve Bank of Kansas City President and CEO Esther George faces mandatory retirement in 2023. The Fed's Board of Directors formed a search committee consisting of non-bank directors to select the next president. Learn about the search process and how you can provide input by attending an upcoming virtual community town hall. The event will be on July 13 at 5:15 p.m. CDT. 

Register

Counterfeit check rings and individual fraudsters are increasingly targeting commercial and individual account holders. According to the American Bankers Association Insurance Services, nearly half of the bond claims submitted so far this year have been related to counterfeit check claims. 

For a comprehensive review of your bank’s insurance coverage, contact Mitch Florea at NBISCO at 402-904-7014 or [email protected].

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Legislative, Policy & Regulatory Updates

Compliance Update - June 24, 2022

UCC Article 12 - Security Interests in Digital Assets

FDIC Deposit Insurance Assessment Increase

The NBA will be submitting a comment letter in response to the FDIC's proposal to aggressively raise deposit insurance assessment rates.

The FDIC proposes to increase initial base deposit insurance assessment rates by two basis points - i.e., so that the assessment rate would be two basis points for every bank. The change would take effect for the first quarter of 2023 (payable in June 2023) and remain until the Deposit Insurance Fund reaches the Designated Reserve Ratio.

Comments on the plan are due Aug. 20.

Read the Proposal

ABA, Trade Groups: CFPB Exceeds Authority with Exam Manual Update

In a joint white paper issued on June 28, the American Bankers Association (ABA), the Consumer Bankers Association, the Independent Community Bankers of America and the U.S. Chamber of Commerce detailed why the CFPB’s recent “update” to its UDAAP exam manual and its announcement that it would begin examining financial institutions for alleged discriminatory conduct using “unfairness” exceeds the Bureau’s legal authority.

The groups urged CFPB to rescind the new examination manual and explained why the Bureau’s unfair, deceptive and abusive acts or practices, or UDAAP, authority cannot be used to extend the fair lending laws beyond the bounds carefully set by Congress.

Read the White Paper

CSBS Appoints Cooper as President and CEO

James Cooper has been named president and CEO of the Conference of State Bank Supervisors (CSBS). Cooper, a nine-year veteran of the organization, served as acting president and CEO following the passing of John Ryan on May 16.

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ABA, State Associations to Agencies: Protect Banks’ Freedom to Make Business Decisions

As environmental, social and governance (or ESG) guidance and disclosures from regulators proliferate, banks must remain free to lend to, invest in and do business without government interference, the ABA and the 51 state bankers associations wrote in a recent letter to financial regulators. The associations noted that disclosures, standards and guidance related to environmental, social responsibility and governance factors are “often cast as flexible, non-binding or targeted to certain segments of the market, while allowing for long transitions. In reality, the individual and cumulative effects of these agency actions have the potential to be acute, widespread and anything but neutral.”

Read the Letter

Banks & Bankers

June 22 - 28

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

Kelly Roach is a member of the NBA Leadership Class of 2024 and assistant vice president, lending, at Nebraska Bank in Bridgeport. While attending community college, she was looking for a part-time job with flexible hours. She found a perfect fit in banking.

Her part-time teller job turned into a full-time job and eventually led to her career in the banking industry. Kelly enjoys the wide variety of opportunities within the banking industry. She said, “There is so much more to banking than I ever imagined, and I have so much more to learn!”

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Follow the NBA on social media to meet more Nebraska bankers.

Facebook | Twitter | Instagram | LinkedIn

The Nebraska Rural Response Council has developed a website with information on resources available to farmers and ranchers in times of crisis. The website complements the toll-free number that has been serving Nebraskans since 1984.

Website

Internships are a pivotal step toward building the future banking workforce. Hosting an intern at your bank introduces students to the numerous career opportunities within banking. If you’re interested in hosting an intern through the NBA internship program, please fill out this form.

The NBA has placed multiple college students at member banks this summer through the Agricultural Banking & Finance Program at the University of Nebraska-Lincoln (UNL). Additionally, students enrolled in the Finance and Banking Program at the University of Nebraska-Kearney (UNK) complete a curriculum-required internship. The NBA also receives inquiries from other college students who are interested in a bank internship.

We want to spotlight your interns on social media. Share this form with your bank’s interns - we look forward to hearing about their experiences!

Cheree Rist was an intern at the State Bank of Table Rock in 2021 as part of UNL's Ag Banking & Finance Program. After graduating this past May, she joined the bank as a customer service representative.