Pub. 14 2019-2020 Issue 5

NEBRASKA BANKERS ASSOCIATION 5 JANUARY/FEBRUARY 2020 EDITORIAL: The Nebraska Banker seeks to provide news and information relevant to Nebraska and other news and information of direct interest to members of the NBA. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Bankers Association. 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 bi-monthly publication in May 2006, is included in membership fees to the NBA. CONTENTS ©2020 NBA | The newsLINK Group, LLC. All rights reserved. Nebraska Banker is published six times each year by The newsLINK Group, LLC for the Nebraska Banker Association (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 publication are those of the individual authors and do not necessarily 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 reprinted without prior written permission. For further information, please contact the publisher at 855.747.4003. 14 7 PRESIDENT’S MESSAGE: NBA GOVERNMENT RELATIONS AND LB 622 Your NBA was founded more than 130 years ago with the primary purpose of collectively organizing Nebraska banks focused upon the issues of public policy and government relations; speaking with one unified industry voice was the early NBA rallying cry. Richard J. Baier, President & CEO, Nebraska Bankers Association 10 WASHINGTON UPDATE: SEEING, SAYING AND DOING SOMETHING ABOUT ELDER FRAUD Odds are your bank has a story that illustrates a disturbing trend affecting older Americans today. Rob Nichols, President & CEO, American Bankers Association 14 COUNSELOR'S CORNER: USE OF ALTERNATIVE DATA IN CREDIT UNDERWRITING Today’s bankers have many opportunities, not the least of which is the opportunity to innovate. Bryan Handlos, Kutak Rock LLP 18 TECH TALK: TOP FIVE WAYS TO MITIGATE YOUR RISK – THE BASICS From a security perspective, it’s extremely important to remember that you’re simply a number on the internet, a number that hackers are regularly scanning, just looking for an opportunity. Jon Waldman, Partner, EVP of IS Consulting, SBS CyberSecurity, LLC 22 BERT ELY'S FARM CREDIT WATCH: RESOLVING THE FARM CREDIT SYSTEM’S GROWING CREDIT-QUALITY PROBLEMS American agriculture is experiencing extraordinary financial stress, unlike anything farmers and ranchers have experienced in several decades. Bert Ely, Alexandria, Virginia 25 MARKET CONDITIONS AT THE TURN OF THE YEAR: A QUICK RECAP AND KEY POINTS TO PONDER Where We’ve Been: It’s fair to say that 2019 was quite a transition year for Fed policy, interest rates and the bond market. Jeffrey F. Caughron, Managing Director, The Baker Group 26 NBISCO INSURANCE AND SERVICE INSIGHTS To those I have had the pleasure of meeting, thank you for your personal and professional introduction to the banking world. Mitch Florea, Vice President of Marketing, NBISCO 27 WHO SAYS YOU CAN’T TEACH AN OLD DOG NEW TRICKS? NOTICE OF PROPOSED RULEMAKING TO THE COMMUNITY REINVESTMENT ACT Just like a classic 1977 Chrysler Sunbeam, all great models need an overhaul from time to time. Elizabeth K. Madlem, Associate General Counsel and Compliance Officer 31 EDUCATION CALENDAR