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: Are banks still required to upload their CRA Public File to their website by January 1, 2026, now that the October 2023 CRA rule has been rescinded and the agencies are reverting to the 1995 CRA regulations?
A: Technically, yes…for now, at least! That is to say, the 2023 CRA Final Rule is still on the books, and under that rule, the requirement to post the CRA Public File on the bank’s website has an applicability date of January 1, 2026.
However, the Agencies have proposed rolling back the 2023 rule and reinstating the 1995 CRA regulations, which don’t require the Public File to be posted online. If that rollback is finalized as expected in the coming months, the website posting requirement would disappear along with the rest of the 2023 rule. For further details – and to review the proposed rule itself – please see its entry in the Federal Register: 90 FR 34086. Compliance Hub also recently presented a webinar on these changes which you may be interested in here.
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 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.
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