Pub. 12 2017-2018 Issue 5

WWW.NEBANKERS.ORG 4 JANUARY/FEBRUARY 2018 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. CONTENTS 22 7 PRESIDENT’SMESSAGE – PREFERREDVENDORS ADDRESS NBA-MEMBERPAINPOINTS Thanks to NBA-member input regarding industry pain points, the NBA now offers a variety of products and services to address your frustrations through preferred vendor agreements. By Richard J. Baier, President & CEO, Nebraska Bankers Association 8 WASHINGTONUPDATE – TEXTBOOKADVOCACY The recent tax reform effort proves that certain staples of effective advocacy—functions at which ABA and the state associations happen to excel—have enduring value. By Rob Nichols, President & CEO, American Bankers Association 10 NBA EDUCATIONCALENDAR 13 COUNSELOR’S CORNER – FINTECHCHARTERS: SILENCE, BUT STILL ALIVE? Discover how state and federal conflict may have moved the needle on creating a regulatory scheme for fintechs. By Jeff Makovicka, Kutak Rock LLP 18 TECH TALK – UNDERSTANDING THE ROLE OF AN ISO As cybersecurity threats continue to rise, the need for financial institutions to designate an information security officer has increased as well. Find out what the role and responsibilities of an ISO should be. By Russ Horn, CISA, CISSP, CRISC, President, CoNetrix 22 BERT ELY’S FARMCREDITWATCH – FCS’ $10BILLION TREASURY LINE OF CREDIT EXTENDEDANOTHER YEAR The most troubling aspect of the Farm Credit System’s line of credit is that Congress never authorized it. Learn more about this and other little-known elements of the FCS. By Bert Ely, Alexandria, Va. 26 MILITARY LENDING: LANDMINE ORGOLDMINE Don’t overlook the risks of noncompliance with military lending law and regulation. By Kimberly Graves, Associate General Counsel, Compliance Alliance