Pub. 18 2023-2024 Issue 4

January Regulation B WorkshopJanuary 23-24Virtual State Government Relations ForumJanuary 25Lincoln, NE Fair Lending Essentials WorkshopJanuary 30-31Virtual February Young Bankers Day at the CapitolFebruary 6Lincoln, NE Operations ConferenceFebruary 6-7Lincoln, NE Mid-Winter IRA Essentials WorkshopFebruary 12-13Virtual Mid-Winter Advanced IRA WorkshopFebruary 14-15Virtual Health Savings Account SeminarFebruary 16Virtual Bank Executives & Directors ConferenceFebruary 21-24Scottsdale, AZ Financial Statements & Tax Returns Analysis WorkshopFebruary […]

Passion for cybersecurity is one of our company’s core values. In fact, we have shirts to prove it.

Banks are no strangers to fraud, including check, wire and email fraud. Yet, identifying the latest fraudulent scheme and, more importantly, who is liable for the resulting loss can be confusing. This article identifies a few examples of commercial and consumer fraud, what a bank can do to help protect itself against losses and who is responsible for the loss.

The day-to-day functions of a financial institution would be impossible without the ability to outsource. Recently, existing guidance applicable to each specific regulatory agency — the Federal Reserves, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — was replaced with a single rule, the Interagency Guidance on Third-Party Relationships: Risk Management. The interagency guidance aligns the regulatory requirements and risk management expectations of third-party relationships among the federal banking agencies.

In early October, I sat down with Federal Reserve Vice Chairman for Supervision Michael Barr at ABA’s Annual Convention in Nashville. The topic of our conversation was bank capital. The failures of Silicon Valley Bank, Signature Bank and First Republic Bank have prompted regulators to begin clamoring for major capital increases at larger banks. My question to Vice Chairman Barr was: why?

Forty-seven bankers from Nebraska who attended an American Bankers Association meeting in Kansas City in 1889 recognized the need for Nebraska banks to organize and speak collectively on important industry issues, particularly government relations, public policy and subsequent advocacy.