NBA Update - April 13, 2022

UPDATE

April 13, 2022

Outstanding Speaker Line-Up for the 2022 NBA Annual Convention

The NBA Annual Convention is three weeks away! We invite you to join us May 4-6 at the Embassy Suites in La Vista to celebrate the banking industry in Nebraska.

This year’s speakers:

Roger Crawford, Award-Winning Hall of Fame Athlete, "How to Rebound, Reset and Reach Higher"
Scott Anderson, Chair, American Bankers Association, "Washington Update"
Chris Constant, Assistant Vice President, Community Engagement, and Inclusion Division, Federal Reserve Bank of Kansas City, "Inclusive Leadership: Inclusion Starts with 'I'"
Elizabeth McCormick, Former Black Hawk Helicopter Pilot, "Soar 2 Success with You in the Pilot's Seat"
Elliot Eisenberg, Ph.D., Acclaimed Economic Expert, "The Economic Outlook"
Meredith Elliott Powell, Business Growth, Sales, and Leadership Expert, "Succession Planning Redefined: Who Comes Next? Leadership Succession Made Easy"
Captain Sandy Yawn, Superyacht Captain from Below Deck Mediterranean, "Navigating Troubled Waters in Changing Times: Servant Leadership Lessons"
Plus, country music singer Jenny Tolman - Check out her latest music video here.

Legislative, Policy & Regulatory Updates

Take Action: Ask Congress to Oppose Credit Union Charter Enhancement Legislation

Ask your Nebraska Congressional delegation to oppose H.R. 7003.

H.R. 7003 would allow credit unions to expand their field of membership by adding areas 10 miles or more from the nearest financial institution branch and low-income areas. However, the bill does not require credit unions to demonstrate that they are providing financial services to underserved individuals and businesses. The legislation also creates a loophole in credit union commercial lending restrictions by exempting loans to borrowers living or operating in an underserved area from the lending cap.

The NBA recently joined other state banking associations in a letter opposing H.R. 7003.

Take Action

NBA Legislative Update - April 8

NBA Joins Letter to CFPB on Fees

The NBA and 50 state banking associations provided comments to the Consumer Financial Protection Bureau (CFPB) regarding fees charged by financial services providers. The letter provided evidence that the market for consumer financial services is competitive and refuted the CFPB's assertion that institutions charge fees that are hidden, exploitative and unavoidable.

Read the Letter

FDIC Asks for Notice of Bank Crypto-Related Activities

The Federal Deposit Insurance Corporation (FDIC) recently sent a letter to FDIC-insured banks asking that any institution considering crypto-related activities notify the agency and provide "all necessary information that would allow the FDIC to engage with the institution regarding related risks."

The American Bankers Association (ABA) President and CEO Rob Nichols said the guidance “runs counter to the administration’s intent to foster responsible innovation, and risks tilting the playing field even more in favor of unregulated crypto firms that are not subject to rigorous oversight and supervision that banks face.”

Learn More

Ask the Regulators: Computer-Security Incident Notification Rule

On Thursday, April 28, 2022, at 1:00 CDT, The federal banking agencies will host an Ask the Regulators webinar regarding the new Computer-Security Incident Notification Rule. During the webinar, the Agencies will respond to questions submitted in advance from banking organizations and bank service providers. Please email questions to asktheregulators@stls.frb.org.

Upcoming Events

April 18 – Demystifying Cryptocurrency: Part 3 – The Use Case for Cryptocurrency in Banking Webinar
May 4-6 – NBA Annual Convention, La Vista
May 24-25 – Small Business Lending Virtual Workshop
June 9 – NBA Annual Golf Outing, Hastings

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

Banks & Bankers

April 6 - 12

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

BankPAC Auction

The NBA BankPAC Silent Auction will be held on May 5 during the NBA Annual Convention, May 4-6 in La Vista. View the list of current donations h ere. Be sure to get registered to bid at https://nba.cbo.io. The Auction will go live on April 29!

If you have an item(s) to donate or have questions about the Silent Auction or BankPAC, please contact Jennifer Heaton at the NBA at jennifer.heaton@nebankers.org or 402-474-1555.

ABA Accepting Nominations for Emerging Leader Awards

The inaugural American Bankers Association (ABA) Emerging Leader Awards will recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to the industry and their communities. Nominations are due no later than June 1.

Learn More

Review Alliance

Did you know that Night Drop Logs should contain the total number of bags and envelopes removed as well as the number processed?

Compliance Alliance

Q: How often does a bank have to update its BSA risk assessment? Is it still 12 to 18 months?

Learn the Answer

Review Alliance is an independent group of compliance specialists offering banks deep-dive audits of their existing transactions, recommendations about program enhancements or guidance on future safety and soundness.

Compliance Alliance is a subscription-based regulatory and consumer compliance advisory service with tools, hotlines, and document reviews.

For more information about these programs, contact Jennifer Heaton at the NBA at jennifer.heaton@nebankers.org or 402-474-1555.