OFFICIAL PUBLICATION OF THE NEBRASKA BANKERS ASSOCIATION

Pub. 17 2022-2023 Issue 4

CFPB to Furnishers: Know Your Role!

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.

CFPB to Furnishers: Know Your Role! Read More »

Washington Update: Reining in a Regulator Gone Rogue

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.”

Washington Update: Reining in a Regulator Gone Rogue Read More »

Riding Out The Storm: Focus on Interest Rate Risk Management

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.

Riding Out The Storm: Focus on Interest Rate Risk Management Read More »

President’s Message: Retaining Top Talent

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.

President’s Message: Retaining Top Talent Read More »