Nebraska Dept. of Banking and Finance restructures

LINCOLN, Neb. – The Nebraska Department of Banking and Finance has restructured its Financial Institutions Division to reflect, it said, the change of title and duties of its deputy director. Previously, the Deputy Director of Financial Institutions managed only those areas regulated by the Financial Institutions Division, such as state-chartered banks, credit unions, savings and loans, trust companies, installment loan companies and delayed deposit businesses. The Deputy Director also directly managed the regulation of mortgage bankers licensed or registered in Nebraska. As part of the restructuring, the Deputy Director of Financial Institutions will now be called Deputy Director. With the restructure, the Deputy Director will continue to directly supervise the Financial Institutions Division, but will also oversee other aspects of the department, including the Bureau of Securities and other assorted administrative activities. The Deputy Director will no longer manage the regulation of the mortgage banking industry. That will be handled by the Review Examiner. Ray Pont is the current Deputy Director.