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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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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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Nebraska neobank envisions bridge between banking and crypto

American Banker

Telcoin is seeking to become the first chartered bank under Nebraska's Digital Asset Depository Institutions regime. Its CEO believes it can become a regulated bridge between crypto and banking.

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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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New PFM App Hip Money Comes to Market

Bank Innovation

Nebraska-based software Read More. In the long list of startup finalists competing at South by Southwest 2017 hides a brand new personal finance management app. Hip Money – a new app by Hip Pocket – adapts the millennial habit of “swiping” to help them save and pay down debt through a mobile app.

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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