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November 30, 2022

BankPAC: Together We Can Make a Difference!

NBA BankPAC is an important part of the NBA's government relations efforts. The funds raised are used to make political contributions to candidates for Nebraska's Unicameral, statewide offices, and Congressional Delegation.

The NBA BankPAC Committee directs fundraising efforts and determines which candidates receive financial support. The Committee would like to encourage all NBA members, especially those who have not already made their contribution to NBA BankPAC, to participate by urging their officers, directors and employees to support the industry for which they work. NBA BankPAC contributions will be accepted until Dec. 30, 2022.

We recognize our members who have made voluntary contributions to NBA BankPAC on the Honor Roll. To date, NBA BankPAC has received $160,599 toward this year's campaign goal of $160,000.

If you have questions about the NBA's political action efforts, please contact Jennifer Heaton at the NBA at (402)-474-1555.

Legislative, Policy & Regulatory Updates

Compliance Updates - Nov. 18, 2022

FHA Allows Flood Insurance from Private Providers

The Federal Housing Administration (FHA) released a final rule to allow homeowners with FHA-insured mortgage financing to obtain flood insurance from private insurance providers. The change becomes effective on Dec. 21.

Learn More

Congressman Questions FDIC on Re-Presented Transactions

House Financial Services Committee member Rep. French Hill (R-Ark.) sent a letter to Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin Gruenberg expressing concern with the FDIC's supervisory practices with respect to banks that impose multiple nonsufficient funds (NSF) fees for re-presented transactions. "The FDIC is establishing new disclosure standards for NSF fees without warning and without rulemaking," Hill stated. He asked the agency to provide clarity on the issue and to confirm if rulemaking will be initiated to establish new disclosure standards for NSF fees.

For more information on this issue, see the FDIC's Financial Institution Letter, the NBA Compliance Update or the American Bankers Association (ABA) staff analysis.

Read the Letter

U.S. Treasury: Fintech Needs More Oversight

A report released by the U.S. Department of Treasury says fintechs are "creating new risks to consumer protection and market integrity." The report offers recommendations for enhancing the oversight of bank-fintech relationships.

Read the Report

CFPB Releases Supervisory Highlights

The Consumer Financial Protection Bureau's (CFPB) recent Supervisory Highlights report details examiner observations of several financial products. The report covers issues related to auto loans, consumer reporting, credit card account management, debt collection, deposits and mortgage origination, mortgage servicing and payday lending.

Read the Report

Upcoming Events

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

Graduate Schools of Banking Opportunities 

The Graduate School of Banking-Wisconsin (GSB-Wisconsin) and the NBA are sponsoring multiple schools in 2023: Bank Technology Management SchoolDigital Banking School and Financial Managers School. View next year’s full schedule here.

The NBA and GSB-Wisconsin are also co-sponsoring online seminars during the rest of 2022. For more information, view the schedule.

Enrollment is open for the Graduate School of Banking at Colorado’s next session, July 16-28, 2023, in Boulder, CO. Learn more and apply here

Banks & Bankers

Nov. 16 - 29 

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

Nebraska Chamber to Hold Innovation and Tech Summit

Bankers are invited to attend a summit hosted by the Nebraska Chamber on technology advancement in key sectors, including financial services. The event is Dec. 16 from 9:30 a.m. to 4:00 p.m. in Lincoln.

Learn More

#BanksNeverAskThat Updated for the Holidays

The #BanksNeverAskThat anti-phishing campaign includes new holiday-themed content. Banks that register for the program receive a toolkit full of ready-to-use assets including videos, GIFs, social posts, printables and more to help educate and protect bank customers. Participation in the campaign is free and available to all banks regardless of ABA membership. Materials can be used as-is or branded with a participating bank's logo.

Learn More and Register

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