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September 28, 2022

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Make a Difference for Your Industry: Donate to NBA BankPAC

NBA BankPAC is a key part of the NBA’s government relations efforts. The funds raised by NBA BankPAC are used to make political contributions to candidates for the Nebraska Unicameral, statewide offices and Congress. When your contribution is combined with others within the banking industry, it works for the good of the entire Nebraska banking industry.


The NBA BankPAC Committee directs the fundraising efforts and is responsible for determining which candidates receive financial support. The committee encourages all NBA members who have not already made their contribution to participate by urging their officers, directors and employees to support their industry by contributing to the NBA State or Federal BankPAC.  


For those banks and bankers who have already made a contribution to the 2022 BankPAC Campaign, we acknowledge your support on the NBA BankPAC Honor Roll.


If you have questions about the NBA’s political action efforts, please don’t hesitate to contact BankPAC Committee Chair Luke Rickertsen (Flatwater Bank, Gothenburg), or call Jennifer Heaton at the NBA at 402-474-1555.   


Legislative, Policy & Regulatory Updates

Banking and Business Groups Sue CFPB for Abuse of Statutory Authority

The American Bankers Association (ABA), the U.S. Chamber of Commerce, Longview Chamber of Commerce, Texas Bankers Association, Independent Bankers Association of Texas, Texas Association of Business and the Consumer Bankers Association today filed a lawsuit against the Consumer Financial Protection Bureau (CFPB). The filing challenges the Bureau’s recent revisions to the Unfair, Deceptive or Abusive Acts or Practices (UDAAP) section of the CFPB exam manual. 


The plaintiffs call the updated manual “arbitrary” and “capricious” and say the CFPB is exceeding its statutory authority. They also say the update violates Administrative Procedure Act requirements because it constitutes a legislative rule that was not subject to notice and comment procedures.


“This Court’s intervention is needed to ensure that the CFPB is accountable to legal constraints, the rule of law, and the public as it pursues an aggressive agenda with far-reaching implications for the American economy, Plaintiffs, and their members,” the filing states.

The NBA supports this effort to hold the CFPB accountable for exceeding its statutory authority. The UDAAP update is just one example of the Bureau's pursuit of an agenda that goes beyond what Congress intended.

Read the Lawsuit

Treasury Seeks Feedback on the Development of Digital Assets

The Treasury Department is seeking public input regarding illicit finance and national security risks posed by digital assets. The request for comments is being issued in conjunction with President Joe Biden's executive order on cryptocurrency and digital asset regulation, and comments will be accepted through Nov. 3.


The ABA published a members-only staff analysis on the request for comment. 


CFPB Seeks Input on Refinancing, Mortgage Products

The CFPB issued a request for information asking for input on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for borrowers with smaller loan balances. The agency also seeks feedback on ways to support automatic short-term and long-term loss mitigation assistance for homeowners who experience financial disruptions.

Learn More


Rental History to be Part of FHA Mortgage Scorecard

The Federal Housing Administration (FHA) will allow lenders to include a first-time homebuyer’s positive rental payment history as an additional factor in determining eligibility for an FHA-insured mortgage.

Learn More


Fed Issues Updated CRE Loan Accommodation Proposal

The Federal Reserve is accepting public comments on an updated policy statement regarding accommodations for commercial real estate borrowers who experience financial difficulty. 

Read the Proposal


ABA Recommends National Senior Scam Reporting System

The ABA provided suggestions for a national reporting system that would allow financial institutions to share information about elder financial exploitation. Law enforcement and adult protective services would also have access to the information. The ABA noted that any such system would need a “Safe Harbor” liability protection for financial institutions that share customer information. The ABA made the recommendation in a statement submitted for the record to the Senate Special Committee on Aging, which recently held a hearing on combating senior fraud. 

Read the Statement


Fed Launches ACH Payment Tracking Tool 

Federal Reserve Financial Services last week launched the FedPayments Insights Service, a business and analytics tool that generates reports on a financial institution’s payments settled through the FedACH Service.

Learn More

Upcoming Events

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

The Graduate School of Banking-Wisconsin (GSB-Wisconsin) and the NBA are sponsoring multiple schools in 2023. View next year’s schedule here. The NBA and GSB-Wisconsin are also co-sponsoring online seminars during the rest of 2022. For more information, view the schedules by date: October | November/December.

Banks & Bankers

September 21 - 27

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

Meet A Banker

Our next banker spotlight for Hispanic Heritage Month is Danielle Borjas. She is a bank card services assistant at Platte Valley Bank in Scottsbluff.


She began her banking career as a teller after seeing her mother and older brother working at the bank. Danielle enjoys learning something new every day and is grateful that the bank supports the diverse Hispanic community.

Learn More

NBA Intern Spotlight

Meet Sherwin Distor, the NBA’s new communications and marketing intern. He’s originally from Sioux Falls, South Dakota and is studying marketing and management at the University of Nebraska-Lincoln. Welcome, Sherwin!

What are you looking forward to in your new role? I am excited to learn more about the banking industry in order to better serve our members with their communication and marketing needs.

Hobbies/interests: My current obsession is “House of the Dragon” on HBO Max. I think it is great that they are able to come back strong after a disappointing “Game of Thrones” finale. I also like to find the best places to eat in town, so if you have any suggestions let me know!

Image of Sherwin Distor

Workforce Webinars Offered

The NE Chamber is hosting three upcoming webinars focusing on employee recruitment and retention. 

ABA Ag Banker Conference Is Coming to Omaha

The 70th annual ABA Agricultural Bankers Conference is Nov. 6-9 in Omaha.

Nebraska bankers can register for a special rate of $750. The discount is available to both ABA members and non-members.


ABA Ag Banking Conference graphic. Register now and pay only $750.

Register for #BanksNeverAskThat

The anti-phishing campaign #BanksNeverAskThat - which returns in October as a part of Cybersecurity Awareness Month - helps bankers educate their customers about phishing scams and common fraud tactics. Participants in this free campaign have access to a toolkit with graphics, social posts, digital signage, printables and more. The resources can be co-branded, bank-branded or ABA-branded. 


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