Pub. 12 2017-2018 Issue 3

WWW.NEBANKERS.ORG 4 SEPTEMBER/OCTOBER 2017 EDITORIAL: The Nebraska Banker seeks to reflect news and information relevant to Nebraska and other news and information of direct interest to members of the Nebraska Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Bankers Association. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Bankers Association. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to themagazine, which began bi-monthly publication in May 2006, is included in membership fees to the Nebraska Bankers Association. 7 PRESIDENT’S MESSAGE – CFPB MEETING DEMONSTRATES NEED FOR REAL-WORLD EDUCATION The banking industry must proactively address the inherent challenges and assumptions held by the bank regulatory community. By Richard J. Baier, President & CEO, Nebraska Bankers Association 8 WASHINGTON UPDATE – TAX REFORM: A HARD JOB WORTH DOING Encouraging a smart approach to comprehensive tax reform will help America’s communities thrive. By Rob Nichols, President & CEO, American Bankers Association 10 NBA EDUCATION CALENDAR 12 COUNSELOR’S CORNER – ELDER FINANCIAL EXPLOITATION: PROTECTING YOUR CUSTOMERS FROM THE CRIME OF THE CENTURY Discover strategies to help protect your elder customers from financial abuse. By Patrick B. Griffin, Kutak Rock LLP 18 TECH TALK – QUICK GUIDELINES FOR A SOC REPORT REVIEW Here’s how to ensure that your bank’s vendor relationships are as strong and secure as possible. By Leticia Saiid, Security+, CoNetrix 22 BERT ELY’S FARM CREDIT WATCH – HOW THE FCS GETS AWAY WITH ACCEPTING DEPOSITS Congress did not create the Farm Credit System to offer cash management services and compete with commercial banks. By Bert Ely, Alexandria, Va. 28 DON’T MISS AN OPPORTUNITY TO HELP YOUR CLIENT (AND YOUR BANK) GET INVOLVED IN THE BUSINESS TRANSITION PROCESS Learn how you can take a more proactive stance that will benefit your customer and your bank. By Gary Grote, Bridgepoint Merchant Banking CONTENTS 28