WALENTINE O’TOOLE, LLP When time is of the essence, experience counts. Walentine O’Toole blends confidence, experience and knowledge with the personal attention you can expect from a regional law firm. www.walentineotoole.com 402.330.6300 11240 Davenport St. • Omaha, NE 68154-0125 to engage in the same activities as their federally chartered counterparts. “Wildcard” statutes preserve parity with federal institutions and ensure that state financial institutions are not disadvantaged by state laws that are more restrictive than federal laws.11 LB1074 is comprised of several additional bills seeking to modernize and synchronize Nebraska and Federal banking and finance law, including the following: LB1075, which will change provisions of the Delayed Deposit Services Licensing Act, the Nebraska Installment Loan Act, the Nebraska Installment Sales Act, the Nebraska Money Transmitters Act and the Residential Mortgage Licensing Act; LB710, which will change provisions of the Credit Union Act; LB872, which will prohibit state and local governments from accepting central bank currency; LB1122, which will change enforcement provisions relating to written solicitations for financial products or services; and LB1294, which would adopt the Data Privacy Act, change provisions relating to certain certificates and information relating to vital records, and provide for certain records to be exempt from public disclosure. In sum, these new changes to Nebraska statutes take great strides in modernizing the regulation of banks and financial institutions. It is clear that through these changes, digital safety and data security are at the top of lawmaker’s minds. Implementing more efficient legislation provides a more secure banking and financial ecosystem. As the digital age continues to progress, it is reassuring to see our legislative bodies take steps to evolve along with it. Lane Baker is from Deshler, Nebraska, and attended Hastings College. As a member of the graduating class of 2016, he received a Bachelor of Arts in Sociology, minoring in Criminal Justice. Lane is a law student at the University of Nebraska College of Law, where he anticipates earning a J.D. and completing the Business Transactions Program of Concentrated Study in the spring of 2024. He has spent the last year as a law clerk for Endacott Timmer PC LLO in Lincoln, Nebraska, where he plans to return as an associate after graduation. Sources 1. Comm. on Banking, Com. & Ins., Committee Statement (Corrected), Leg. B. 94, 108th Leg., 1st Sess., at 2 (Neb. 2023). 2. Id. 3. Comm. on Banking, Com. & Ins., Committee Statement, Leg. B. 279, 108th Leg., 1st Sess., at 1 (Neb. 2023). 4. Comm. on Banking, Com. & Ins., Committee Statement, Leg. B. 628, 108th Leg., 1st Sess., at 1 (Neb. 2023). 5. Id. 6. Id. 7. Id. 8. Id., at 2. 9. Id. 10. Id. 11. Comm. on Banking, Com. & Ins., Committee Statement, Leg. B. 1074, 108th Leg., 2nd Sess., at 1 (Neb. 2024). 23 NEBRASKA BANKER
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