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Nebraska enacts new licensing requirement for small dollar loans

CFPB Monitor

Nebraska Governor, Jim Pillen, signed into law Legislative Bill 92 on June 6, 2023, which amended the Nebraska Installment Loan Act (the “Act”) effective June 7, 2023 (the “Effective Date”). Continue Reading

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Inside look: Nebraska Bank’s network, core conversion

BankInovation

Nebraska Bank launched a network conversion, core conversion, Office 365 conversion and a bank-wide rebrand in March 2022 as it worked to keep up with branch expansion and asset growth. The rapidly growing Dodge, Neb.-based

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Nebraska voters chose to cap annual interest charged for payday lending at 36%

CFPB Monitor

In last week’s election, Nebraska voters passed Initiative 428, a ballot measure that places a 36 percent APR cap on payday loans. Approximately 83% of Nebraska voters approved this Initiative, making Nebraska the 17th state, plus the District of Columbia, to limit interest rates on payday loans.

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First State Bank Nebraska Offers Multi-State Rewards Checking Account

BankDeals

First State Bank Nebraska offers its First Rate Checking with competitive rates to residents of Colorado, Iowa, Kansas, Missouri, Nebraska, South Dakota, and Wyoming.

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Second Google Lawsuit May Be Filed Next Month By State AGs

PYMNTS

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

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Bitcoin Daily: Russia’s Sberbank To Launch Stablecoin This Year; Pornhub Expands Crypto Payment Options

PYMNTS

Meanwhile, Nebraska Sen. Mike Flood introduced two bill drafts to allow Nebraska’s banks to provide digital asset custodial services, Cointelegraph reported. Cryptocurrency payments are only supported in some countries, such as the U.S., and Singapore, The Block noted.

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Nebraska bank is first failure of 2020

American Banker

Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.