Pub. 17 2022-2023 Issue 4

On Sept. 13, 2022, the Consumer Financial Protection Bureau (CFPB) filed an amicus brief regarding a district court case decided between a consumer plaintiff and a credit reporting agency defendant. For those with a limited legal background, an amicus brief is simply a brief submitted to a court by a person or organization, not a party to a case but with interest in the action that is essentially trying to convince or have the court consider deciding a matter a particular way in order preserve their interest.

When “risk assessment” is mentioned in the information technology or information security crowd, IT risk assessment is typically the first thing that comes to mind, probably because it has been around the longest, at least from a regulatory-guidance perspective.

For more information about these live and online education events and training tools, contact the NBA Education Center at (402) 474-1555 or nbaeducation@nebankers.org.
You also may visit the NBA website at www.nebankers.org/education.html.

The farming community enjoys a reputation for hard work, honesty and integrity. But as with any community, there are exceptions, and the category of “Farmers Engaged in Fraud” is one of those.

In an American Banker op-ed earlier this year, I called out the CFPB under the leadership of Rohit Chopra as a “regulator gone rogue.” I’m not alone in my criticism: in September, 12 Republican lawmakers took the bureau to task over what they called a “radical and highly-politicized agenda unbounded by statutory limits.”

In the wake of unprecedented changes in market conditions and a historic jump in interest rates, regulators can be expected to focus intently on interest rate risk management in coming examinations. Knowing this, it’s worth stepping back to review how we got here and consider some key points regarding policies, processes, and procedures to ensure your institution’s Asset/Liability Management (ALM) framework is solid.

As noted in previous NBA Magazine columns, attracting and retaining top talent at NBA member banks is a primary focus. Our industry is not alone in confronting this challenge. Unfortunately, workforce shortages and rapid turnover are issues that cannot be addressed overnight. Recent discussions with college students, educators, interns and recent graduates provided valuable insights for consideration.