Skip to main content
Menu Icon

InfoBytes Blog

Financial Services Law Insights and Observations

Nebraska publishes a statement about working with customers affected by Covid-19

State Issues Nebraska Consumer Finance State Regulators Covid-19

State Issues

On March 17, the Nebraska Department of Banking and Finance (Department) published a statement for financial institutions working with customers affected by Covid-19 along with regulatory assistance.  The statement addresses: (i) establishing emergency branch locations with notice; (ii) clearing back room operations; (iii) moving examinations offsite; (iv) digital applications, audits, and correspondence when working with the Department; (v) using ACH for payments sent to the Department; (vi) delaying credit union annual meetings; and (vii) audit turn around times.  The statement also encourages financial institutions to work with affected customers, and provides examples of efforts to be considered by financial institutions.  The statement also addresses regulatory reporting requirements and financial condition review, supervisory response, and regulatory relief.