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UPDATE

May 4, 2022

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NBA BankPAC Online Auction Bidding is Open

This is your opportunity to support NBA BankPAC and score some great items, including College World Series tickets, Husker volleyball tickets, Apple AirPods and more. Funds raised through the auction will help elect pro-banking and pro-business candidates.


Register to bid here. Bidding ends May 5 at 6:00 p.m. CST.

NBA Annual Convention Begins Today


Follow the NBA on social media and #NBAConv for updates from the Annual Convention.

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Legislative, Policy & Regulatory Updates

NBA Compliance Updates - April 29, 2022

Nebraska Financial Innovation Act Update

Governor Ricketts signed the Nebraska Financial Innovation Act into law on May 26, 2021, with the law going into effect on October 1, 2021. The Act authorizes a new charter for digital asset depositories, allowing banks and savings and loans to operate a digital asset depository department within their institutions.

 

The Nebraska Department of Banking and Finance (Department) has made a Draft Digital Asset Department Business Plan Requirements form available on the Department's website. Other draft application materials will also be available in the near future on the Department website.

 

The Department is implementing the Nebraska Financial Innovation Act and will post periodic drafts of rules, regulations and other guidance documents for the emerging industry as well as other updates. All rules will have a formal rulemaking process with opportunity for public comment.


NBA Opposes Interchange Regulations

The NBA and 50 state banking associations sent a letter to Senate Judiciary Committee Chairman Dick Durbin (D-Ill.) and Ranking Member Chuck Grassley (R-Iowa) highlighting the negative impacts of the Durbin Amendment and opposing its expansion to apply to credit transactions.


The NBA also sent a letter to Senate Judiciary Committee member Sen. Ben Sasse, noting that the proposal would not decrease costs for consumers. Instead, it would lead to fewer options for consumers as community banks exit the credit card market due to increased costs and decreased revenue.


The American Bankers Association (ABA) and other organizations also submitted comments for the record ahead of a hearing on the issue.

Read the Joint Letter

Read the Letter to Senator Sasse

 

SAFE Banking Act Comments

The NBA and its counterparts in other states also jointly sent a letter supporting inclusion of the SAFE Banking Act in the America Competes Act. Bankers are also urged to contact Congress to help ensure banks can serve legitimate cannabis businesses.

Read the Letter 

 

Congress Urged to Reject Overdraft Restriction Legislation 

In a statement submitted for the record ahead of a Senate Banking subcommittee hearing on overdrafts, the ABA emphasized the important role that overdraft protection plays as a source of liquidity for American consumers and urged lawmakers to reject any legislation that would restrict these offerings. 

Read the Statement

 

CFPB Offers Spanish Language Translations for Reg E, B Documents 

The Consumer Financial Protection Bureau (CFPB) has released Spanish translations for certain model and sample forms included in the prepaid rule in Regulation E and for certain adverse action model and sample notices included in Regulation B, the implementing regulation for the Equal Credit Opportunity Act. 

View the Reg E forms

View the Reg B forms

Upcoming Events



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

Banks & Bankers

April 27 - May 3

Email your news, press releases, photos and/or newspaper articles to be published in Banks & Bankers. Send content to news@nebankers.org.

Osterbuhr Named to FDIC Advisory Committee

Arlen Osterbuhr, chair and CEO of Minden Exchange Bank and Trust, Co. (Minden), is a new member of the Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Community Banking. 

Learn More

Review Alliance

Did you know that the bank only needs to list the credit score that was relied on when making a credit decision for joint applications?

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Compliance Alliance

Q: Our customer received a phone call from someone telling the customer that the customer’s computer was about to be hacked. The person convinced the customer to allow remote sign into the customer’s computer to “stop the hacking process.” In this process, the customer provided both of his debit card numbers and PINs. The fraudster used these to then purchase gift cards. We feel the customer was clearly negligent in this case, but does that help the bank at all?

Learn the Answer

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