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| Nebraska - Department for Banking and Finance |
The federally chartered financial institutions in Nebraska operate under a national/federal charter and are subject to regulation by federal agencies. They are not regulated by the Department of Banking and Finance. National banks are regulated by the Office of the Comptroller of the Currency (OCC) and can be identified by the words "National" or "National Association" or "N.A." in the name. The Office of Thrift Supervision (OTS) regulates federally chartered savings banks or savings associations and often have the word "Federal" or the inititals "FSB" or "FA" in the name. Federal credit unions are recognized by the use of "Federal" in the name and are regulated by the National Credit Union Administration (NCUA).
Accounts in all Nebraska state-chartered banks are insured by the Federal Deposit Insurance Corporation (FDIC), while accounts in state savings and loans may also be insured by the FDIC. Accounts in state-chartered credit unions are insured by the National Credit Union Share Insurance Fund, overseen by the NCUA. Both the FDIC and NCUA insure deposits up to $100,000 per customer. The Financial Institutions Division works closely with the FDIC, OTS and NCUA to promote sound banking practices by identifying, monitoring and addressing risks.
Contact and Location Information
Commerce Court
1230 "O" Street, Suite 400
PO Box 95006
Lincoln, NE 68509-5006
Financial Institutions Division
(402) 471-2171
Bureau of Securities
(402) 471-3445
Investment Fraud Hotline
(877) 471-3445
Complaints
Complaint forms for financial institutions or securities issues can be downloaded directly from the Nebraska Department of Finance and Banking site. Use the following link to access these forms and for instructions on the process for filing a complaint.
http://www.ndbf.org/cons.htm
Laws & Regulations
The following are the laws and rules that the Financial Institution Division is responsible for enforcing.
- Acquisition or Merger of Financial Institutions
- Assessments
- Bank Holding Companies
- Banker's Banks
- Building and Loan Associations
- Compliance Review
- Credit Union Act
- Currency Transactions
- Delayed Deposit Services Licensing Act
- Deposit of Securities
- DDS Interpretive Opinions
- Disclosure of Confidential Information
- Installment Loan Act
- Installment Sales Act
- Interest Rates and Loans
- Interstate Branching by Merger Act of 1997
- Interstate Trust Company Office Act
- Names
- Nebraska Loan Broker Act
- Mortgage Bankers Registration and Licensing
- Mortgage Banking - Frequently Asked Questions
- Nebraska Banking Act
- Nebraska Sale of Checks and Funds Transmission Act
- Nebraska Trust Company Act
- Personal Loans by Banks and Trust Companies
- Revolving Charge Agreements
- Safety Deposit Boxes
- State-Federal Cooperation Acts; Capital Notes
Entities Regulated
The Financial Institutions Division regulates the following entities:
- commercial state-chartered banks;
- state-chartered savings & loans;
- state-chartered credit unions;
- trust companies;
- small loan companies;
- loan brokers;
- sales finance companies;
- sale of check/funds transmission companies;
- mortgage brokers/bankers; and
- delayed deposit services businesses
Identity Theft
When it comes to identity theft, the old adage applies, an ounce of prevention is worth a pound of cure. The following are useful tips and information for consumers to avoid identity theft:
- Be careful about giving out your personal information. Don’t give out any personal information over the phone unless you initiate the call;
- Pay attention to your billing cycles. If you don’t get your bills in the mail, be suspicious;
- Be cautious about where you leave your information. Think of your bills as cash, don’t leave them lying around;
- Guard your mail from theft. Be vigilant about checking your mail promptly after it has been delivered. Don’t let it pile up while you are away;
- Watch what you throw away. What may be garbage to you can be stolen treasure to an identity thief;
- Travel light. Don’t carry more checks or credit cards than you need. That will minimize the damage if your wallet is lost or stolen; and
- Check your credit report on a regular basis. Order a copy of your credit report from the three major credit reporting agencies at least once a year and make sure that the information they have is correct.
- The agencies are:
- Experian 1-800-397-3742
- Equifax 1-800-525-6285
- Trans Union 1-800-680-7289
If a consumer is a victim of Identity theft, he/she should:
- Contact creditors by phone and by certified mail;
- Stop payment on checks and close bank accounts;
- Contact the Department of Motor Vehicles and your local postal inspector;
- File a report with your local police department; and
- Call the FTC’s fraud hotline at 1-877-IDTHEFT.
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