Federal Advocacy
NBA meets virtually and in DC for visits with Nevada's Senate and House delegates.
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.
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
Compliance Alliance Question of the Week
Q: Under the final rule amending 12 CFR part 328, are we permitted to use a sign at a teller window that doesn’t have the gold background?
A: While the FDIC’s Q&As on the Part 328 Final Rule do confirm that the final rule does not modify color requirements for the physical FDIC official sign, they don’t go out of their way to make the existing rule any less confusing! In general, under 12 CFR 328.3(b)(1)(i), at each teller window or station where insured deposits are usually and normally received, a bank must display the official sign described in 12 CFR 328.2(a); that is, 7” by 3” in size, with black lettering and gold background. However, under 12 CFR 328.3(b)(4), a bank is also permitted to display signs that vary from the official sign in size, color, or material at any location where display of the official sign is required or permitted. Hold on though – the very next sentence states that any such “varied” sign displayed where the official sign is normally required must not be smaller in size than the official sign (easy enough), must include the same content (makes sense), and must also “have the same color for the text and graphics.” (?!?)
While at first glance this seems to directly conflict with the ability to use a varied sign, the most straightforward interpretation of this would be that if your bank uses a “varied sign” where it is required to use the official sign (such as a teller window), then that sign can’t be smaller than the official sign, must contain the same content as the official sign, and must have the graphics and text match in color within the sign (so, black text and black graphics, or blue text and blue graphics, etc.)
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:
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.
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
Review Alliance – DID YOU KNOW?
Did you know Interagency Guidance on Reconsiderations of Value of Residential Real Estate Valuations was released recently?
- The guidance has many takeaways including a recommendation to consider developing policies and procedures related to reconsiderations of value.
- The following Compliance Alliance tools may assist you in deciphering and implementing the guidance: Evaluating Valuations: Interagency Guidance on Reconsiderations of Value | Compliance Alliance and Appraisal Policy | Compliance Alliance
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.
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