Pub. 16 2021-22 Issue 3

NEBRASKA BANKERS ASSOCIATION 5 SEPTEMBER/OCTOBER 2021 EDITORIAL: Nebraska Banker seeks to provide 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 NBA. 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 NBA. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to the magazine, which began bimonthly publication in May 2006, is included in membership fees to the NBA. CONTENTS ©2021 NBA | The newsLINK Group, LLC. All rights reserved. Nebraska Banker is published six times each year by The newsLINK Group, LLC for the NBA and is the official publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publ ication are those of the individual authors and do not necessari ly represent the views of the NBA, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. Nebraska Banker is a collective work, and as such, some articles are submitted by authors who are independent of the NBA. While Nebraska Banker encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprintedwithout prior written permission. For further information, please contact the publisher at 855.747.4003. 16 8 PRESIDENT’S MESSAGE: BANKS BACK NEBRASKA As I sat down to begin planning this magazine column, my mind instantly gravitated to the many Congressional hurdles, regulatory proposals and operational issues facing the banking industry in Nebraska; the list feels almost endless: potential new IRS reporting requirements, new Consumer Financial Protection Bureau reporting rules on small business lending, workforce limitations, etc. Richard Baier, President and CEO, Nebraska Bankers Association 10 WASHINGTON UPDATE: BANKING ON INCLUSION: AMERICA’S BANKS EMBRACE BANK ON MOVEMENT America’s banks have a longstanding commitment to helping reduce the number of unbanked and underbanked individuals and families in the U.S. Rob Nichols, President and CEO, American Bankers Association 12 COUNSELOR'S CORNER: LET THE COMING CHANGING OF THE SEASONS TRIGGER A FALL RETROSPECTIVE One of the aspects many Nebraskans love so much about our state is that we get to experience all four seasons. As the calendar rolls into the second half of the year, our kids start going back to school, Friday night lights become the focal point of our communities, and we soon get to watch a football being tossed around Memorial Stadium on Saturdays. Kenneth W. Hartman, Baird Holm, LLP 14 TECH TALK: COMPONENTS OF A MODERN VENDOR MANAGEMENT PROGRAM Although vendor management isn’t a silver bullet to preventing vendor data breaches, it’s a necessary component to a healthy overall information security program. Cody Delzer, CISA, CDPSE, SVP IS Consultant/Regional Director, SBS CyberSecurity, LLC 16 COMPLIANCE ALLIANCE: THE BLACK AND WHITE OF TRID TIMING There are so many ways to violate TRID. Mastering the content requirements (knowing what to put where) is difficult for even the most seasoned compliance professional and is the source of numerous violations. John Berteau, General Counsel, Compliance Alliance 20 BOND MARKET BEHAVIOR: TRUSTING THE FED ON INFLATION The narrative for the U.S. economy has shifted as we move into the second half of this year. Not long ago, financial markets were saturated with talk about inflation and rising interest rates. Jeffrey F. Caughron, Managing Director, The Baker Group 24 EDUCATION CALENDAR