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June 8, 2022

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NBA Responds to FDIC Climate-Related Financial Risk Principles

The NBA submitted a comment letter on June 2, 2022, to the Federal Deposit Insurance Corporation (FDIC) regarding their draft principles that would provide a high-level framework for the safe and sound management of exposures to climate-related financial risks. The principles apply to banks with $100 billion or more in assets and are intended to enhance the identification and management of climate-related financial risks.


In the comment letter, the NBA stated its opposition to expanding the draft principles to smaller institutions. However, if the FDIC determines the scope of climate-related risk management should be expanded, it should be delayed until climate risk is better understood. In addition, the draft principles should be modified to reduce operational burdens on smaller institutions.


The NBA also noted that Nebraska banks already factor the impact of natural disasters into their risk management policies. “At the end of the day, bank business decisions should be shaped by legitimate safety and soundness concerns and not by regulatory suasion,” the letter stated.

Read the Letter

Single Bank Pooled Collateral Presentation - Norfolk

Bob Hallstrom, NBA General Counsel, and Jerry Stilmock, NBA Associate General Counsel, spoke at the annual Nebraska County Treasurers’ Association Meeting in Norfolk on June 8.

The presentation covered the Single Bank Pooled Collateral Program (SBPC), reviewing: the history of the law, its implementation, points of interest as applicable to county officials, and the officials’ roles in the program in their respective counties. Hallstrom and Stilmock addressed a series of questions from county officials, promoted the Program and encouraged their participation. There were over 60 county officials in attendance.

Learn More About SBPC

2023 Scenes of Nebraska Calendars Photos

Thank you to the bankers and their family members who submitted photos for the 2023 Scenes of Nebraska Calendar! See the list of selected photos here.


Orders have begun rolling in for the 2023 Calendar. Make sure you place your order by Aug. 6 for the “Early Bird” deadline to have your calendars ship by early Oct. The final deadline to order calendars is Sept. 3.

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

Legislative, Policy & Regulatory Updates

Legislative Update (Wrap-Up Edition)

Compliance Updates - June 3

CFPB - Mitigating Harm From Repossession of Automobiles

CFPB Advisory Opinion - Coverage of Fair Lending Laws

OCC-SAR Exemptions (National Banks and Federal Savings Associations)

Applying the SCALE Method to Nebraska Banks

The Current Expected Credit Losses (CECL) accounting standard will be required for all banks as of January 2023. Institutions with less than $1 billion in assets can use the Scaled CECL Allowance for Losses Estimator to estimate lifetime losses.


Research from the University of Nebraska-Lincoln applied the SCALE method to Nebraska banks. The research was conducted by former NBA Ag Banking and Finance intern Jared Stauffer as part of his masters thesis. He can be reached at [email protected].

Learn More

Senators Introduce Digital Asset Regulation Bill

Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) recently introduced the Responsible Financial Innovation Act to create a regulatory framework for digital assets. The bill would give the Commodity Futures Trading Commission regulatory authority over digital asset spot markets. It would also set requirements for payment stablecoin issuers, including 100% reserve and disclosure requirements. However, payment stablecoin issuers would not be required to become depository issuers. 


According to the American Bankers Association (ABA) the legislation “would effectively create a parallel supervisory and regulatory structure that holds non-bank firms to lesser standards than banks, and therefore offers their customers and our financial system fewer protections.”

Read the Bill

FinCEN Seeks Feedback on No-Action Letters

As part of its implementation of the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network (FinCEN) is seeking public feedback on whether FinCEN should issue no-action letters and, if so, how the process should work.

Learn More


Bank Economists Forecast Soft Landing

The ABA Economic Advisory Committee expects economic growth to slow through 2023 before rising in 2024. The committee projects a 40% chance of recession next year. 

Learn More

Upcoming Events

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

Banks & Bankers

June 1 - 7

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

Meet A Banker

NBA Chair Stephen Stull is the first banker profiled in our new Meet a Banker series. His banking career began with a summer job at a bank during high school. Stephen is now the Chairman/CEO of Nebraska Bank in Hickman. 


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

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NBA Committees Held Annual Summer Meeting

Members of the NBA Education Advisory Lending Committee, NBA Education Advisory Management Committee, NBA Education Advisory Operations Committee, NBA Education Advisory Young Bankers of Nebraska (YBON) Committee pictured below and the NBA Government Relations Committee (pictured further below) met today in Hastings.

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Learn About Micro-Internships in Banking

Micro-internships are short-term, paid projects that help to identify, engage and hire professionals early in their careers. Parker Dewey, a company that pairs students with companies for micro-internships, is hosting a webinar on June 15 at 12:00 p.m. CDT. Register here.

For more information on banking internships, contact Kara Heideman at the NBA at [email protected] or 402-474-1555.

Preferred Vendor: Office Depot

The Office Depot Business Solutions Division has rebranded to ODP Business Solutions to reflect the company’s evolution to focus on your business needs as marketplace demands shift. Office Depot has put together an introductory video, PowerPoint and FAQs sheet for the rebranding.


Existing ODP customers should contact Kimberly Gilbert at (855) 337-6811 ext. 12815 or [email protected]. Banks interested in the ODP Program should contact Talitha Searcy at (512) 651-2579 or [email protected]. In both cases, members should mention they are a part of the NBA.


June ODP Business Solutions Coupons:

$15 off $100

$20 off $150

$50 off $350

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