• About
  • Events
  • Advocacy
  • Members/Committees
  • Careers
  • MarketPlace
  • More
    • About
    • Events
    • Advocacy
    • Members/Committees
    • Careers
    • MarketPlace
  • About
  • Events
  • Advocacy
  • Members/Committees
  • Careers
  • MarketPlace
Bankers standing outside in Washington DC with the Capitol Building in the background.

Federal Advocacy

NBA meets virtually and in DC for visits with Nevada's Senate and House delegates.

Nevada State Legislature Building in Carson City.

State of Nevada

NBA works with state legislators during session years and with interim committees in off years. In additional to supporting efforts to promote financial literacy, affordable housing and economic development, we work to ensure Nevada is an environment where banks can provide the best products and services to customers. 


Thank you to our GR Committee members for all of your work during session. NBA will be working closely with interim Nevada's legislative committees throughout the second half of 2023 and during 2024.


Scroll down for a copy of the End of Session Report.

Bankers visiting Treasury Building in Washington DC

Regulatory

Nevada Bankers engage with  State and federal regulators regularly. Member feedback is a critical piece of helping regulators with their job of providing effective, safe and meaningful oversight. In addition lt irregular meetings with our State FID, NBA works closely with federal regulataors and also offers members a chance to engage in person during the Fall DC visit.

Compliance Alliance

Ad for Compliance Alliance Hub services that can be reviewed at www.compliancealliance.com

Compliance Alliance Question of the Week

Q:  For Regulation O purposes, does our Board of Directors have to submit annual personal financial statements?  

 

A:  Strictly speaking, there is not an explicit requirement under Regulation O to have any insiders - or the board - within scope submit an annual personal financial statement; such a decision is generally going to be more of a safety and soundness consideration, and a determination that is reliant upon on the bank’s own internal / investor guidelines. 

But – acknowledging that the spirit and intention of Regulation O is to prevent the preferential treatment of a bank’s insiders - it is important to keep in mind that if the bank requires annual personal financial statements from other "non-insider" borrowers on similar credit transactions, then that same requirement should likely be imposed equally to any insider within scope. 

If ever in doubt, Compliance Hub’s Regulation O Toolkit is packed with resources that can help your bank navigate the requirements and best practices as they relate to extensions of credits to insiders. 

 

Compliance Alliance offers a BSA / AML / OFAC Toolkit with a number of additional resources: https://compliancealliance.com/find-a-tool/by-toolkit/bsa-aml-ofac/


Also offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email info@compliancealliance.com and ask for our Membership Team. 


Sign Up for a live Compliance Hub demo: 

  • Tuesdays at 10:00 AM CT 
  • Thursdays at 1:00 PM CT  

Compliance Alliance Hub for Trust

Trust Tools for Compliance is a stand-alone program designed specifically to assist and support wealth management divisions and brick-and-mortar money managers with their regulatory compliance needs. To learn more, call (888) 353-3933 or email info@compliancealliance.com and ask for our Membership Team. 


Sign Up for a live Compliance Hub Trust Demo. 

  • Tuesdays at 1:00 PM CT 


Compliance Hub for Mortgage 

Bankers Alliance now gives you easy access to Mortgage Tools—a collection of proprietary regulatory compliance tools with more than 200 worksheets, checklists, trainings and more & a live hotline chat feature connecting you to attorneys and compliance experts—all designed to safeguard internal operations, strengthen business practices, and develop exam-ready organizations. To learn more, call (888) 353-3933 or email info@compliancealliance.com and ask for our Membership Team.


Sign up for a live Mortgage Demo 

  • Thursdays at 10:00 AM CT


Review Alliance – DID YOU KNOW?  

Did you know that a closed-end mortgage loan or open-end line of credit that is primarily for a business or commercial purpose is HMDA reportable if it meets the definition of a home improvement loan, home purchase loan, or a refinancing?  

 

  • For example, a closed-end mortgage loan to improve an attorney’s office that is located in her single-family dwelling is reportable. 
  • See Comment for 1003.3, 3(c)(10)-3 


Review Alliance, an independent group of compliance specialists offering banks deep-dive audits of their existing transactions, recommendations about program enhancements or guidance on future safety and soundness.  In 2020, we added Virtual Compliance Officer - a new shared service-model using bank-dedicated compliance officers; perfect for monitoring and guiding your bank remotely. To learn how to put them to work for your bank, call (833)-683-0701 or email info@bankersalliance.org and ask for our Membership Team.

   

For timely compliance updates and resources, subscribe to Compliance Alliance’s email newsletters.

Add for Compliance Alliance Trust Tools that can be reviewed at www.compliancealliance.com

Downloads

End of Session Report 6/23 (pdf)Download
NevadaBankPAC (pdf)Download
Regulatory Agency Guidance COVID19 (pdf)Download

Nevada Bankers Association

Nevada Bankers Association 1001 E Sunset Road #96513 Las Vegas, NV 89193 US

(702) 233-8607

Copyright © 2022 Nevada Bankers Association - All Rights Reserved.

Powered by