NDBF Alert on PPP Loan Scams

The Nebraska Department of Banking and Finance (NDBF) has issued an alert regarding a scam targeting recipients of Paycheck Protection Program (PPP) loans. Scammers are impersonating bank employees or law enforcement to gain access to financial accounts and credentials. The NDBF urges recipients to remain vigilant and follow protective measures.

Nebraska Joins $4.2M AML Settlement with Wise US Inc.

The Nebraska Department of Banking and Finance, along with five other state agencies, has reached a $4.2 million settlement with Wise US Inc. for anti-money laundering (AML) violations. Wise US Inc. will pay the penalty and implement corrective actions to its AML program.

Nebraska Combines Installment Loan and Sales Acts

The Nebraska Department of Banking and Finance has combined the Installment Loan Act and the Installment Sales Act into a single act, as outlined in LB 474. This change aims to reduce costs and streamline examinations by aligning net worth requirements and reporting for both license types, while maintaining existing consumer protection provisions.

Nebraska Money Transmitters Act Updates

The Nebraska Department of Banking and Finance has updated the Money Transmitters Act (LB 474), effective October 1, 2025. Key changes include increased maximum surety bond requirements, adjusted application and renewal fees, and codified requirements for audited financials and timely transaction completion.

Oregon DFR Combats Financial Fraud

The Oregon Division of Financial Regulation (DFR) is raising awareness about financial fraud during National Consumer Protection Week. Oregonians lost over $133 million to fraud in 2025, and DFR is partnering with agencies to provide resources and host Fraud Fighter events in April.

Oregon DFR Urges Flood and Landslide Insurance for Property Protection

The Oregon Division of Financial Regulation (DFR) is urging homeowners, businesses, and tenants to consider purchasing flood and landslide insurance. Most standard policies do not cover these perils, and the DFR recommends discussing coverage options with insurance providers.

Oregon Consumer Advocates Recovered $7M in 2025

Oregon consumer advocates helped recover over $1.1 million in the fourth quarter of 2025, bringing the annual total to over $7 million. The Oregon Division of Financial Regulation (DFR) reported a total of 5,663 complaints in 2025, with insurance-related issues being the most frequent.

Tennessee Maximum Interest Rate Announcement

The Tennessee Department of Financial Institutions announced the weekly maximum effective formula rate of interest for the state, set at 10.75% per annum. This rate is determined by a formula based on the Federal Reserve's weekly average prime loan rate.

Tennessee Maximum Interest Rate Announcement

The Tennessee Department of Financial Institutions announced the weekly maximum effective formula interest rate for the state is 10.75% per annum, effective March 10, 2026. This rate is calculated based on the Federal Reserve's prime loan rate.

Tennessee Maximum Home Loan Interest Rate for April 2026

The Tennessee Department of Financial Institutions announced the maximum effective interest rate for home loans for April 2026 will be 9.98%. This rate is set at four percentage points above the average prime offer rate for a thirty-year fixed loan.