Pub. 13 2018-2019 Issue 3

WWW.NEBANKERS.ORG 4 SEPTEMBER/OCTOBER 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 7 PRESIDENT’S MESSAGE LAUNCHING BLUEPRINT NEBRASKA Nebraska’s statewide initiative has begun the research phase for collective input and data to best “Blueprint” the state’s future economic growth, prosperity and quality of life. Richard J. Baier, President & CEO, Nebraska Bankers Association 8 WASHINGTON UPDATE NEW BANKS AS BELLWETHERS New ABA chief policy officer weighs in on why new bank charters are indicators of economic vitality and the ABA De Novo Task Force. Naomi Camper, Chief Policy Officer, American Bankers Association 12 COUNSELOR’S CORNER COMMUNITY REINVESTMENT ACT MODERNIZATION: A TOUCH UP OR A TOTAL OVERHAUL? Twenty-five pages published on August 28th by the Office of the Comptroller of the Currency (OCC) may finally kick-off what bankers and regulators have been anticipating since early last year: Modernizing the Community Reinvestment Act of 1977 (CRA). Jeff Makovicka, Kutak Rock LLP 18 TECH TALK IS YOUR IT AUDIT FALLING SHORT? One of the challenges community banks face in selecting an IT audit partner is the confidence they are comparing apples to apples when reviewing security-testing proposals. Keith Laughery, CISA, CISSP, CoNetrix 20 THE DOS AND DON’TS OF DEPOSIT ADVERTISING Advertising rules can be confusing. The advertising rules for banks are set out in several different regulations and overseen by several different regulatory agencies. Daniela Clark, Compliance Alliance. 24 BERT ELY’S FARM CREDIT WATCH LARGE FCS ASSOCIATION LAUNCHES CONSUMER LENDING BRAND Farm Credit Mid-America (MidAm) announces its consumer lending division rebrand. Is the FCS adequately acknowledging credit-quality problems? Bert Ely, Alexandria, Va 26 HSAS AN INVESTMENT TOOL BEYOND HEALTHCARE Health Savings Accounts (HSAs) continue to grow as an investment tool. Review key growth factors, consumer habits and more. Carrie Horn, Ascensus 29 EDUCATION CALENDAR COVER PHOTO: Nebraska Blueprint 8