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Senate Banking Committee reaches tentative compromise on reg relief

November 15, 2017

On Nov. 13, members of the Senate Banking Committee unveiled a proposed compromise on regulatory relief for community banks, according to OBA President Roger Beverage.

“It's not everything we wanted,” Beverage said. “I still want to see if this is the final 'take-it-or-leave-it' version or if we can add some tweaks.  

“The most obvious omission is that it doesn't talk about 'tailoring' rules and regulations according to business model and risk profile,” Beverage said. “Rather, it takes the approach of capping the size a bank can be to benefit from its provisions. The ceiling for most sections caps it for banks at $10 billion or less. It is far from perfect, but it's a great start.”

Beverage said that Committee Chairman Mike Crapo (R-Idaho) negotiated the agreement with a few moderate Democrats on the Committee, led by Sen. Heidi Heitkamp (D-N.D.). Other Democrats on the Committee who will co-sponsor the bill include Joe Donnelly (D-Ind.), Jon Tester (D-Mont.) and Mark Warner (D-Va.).

Click "more" below for the full story, along with key provisions of the proposed agreement as released Nov. 13:

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Nondeductible portion of OBA dues calculated

BKD, LLP, has performed a calculation representing the nondeductible portion of member dues attributable to lobbying expenditures for the OBA's year ending April 30, 2017.

The source of the information used to determine this percentage included the Association's general ledger and an estimate of the percentage of time related to applicable personnel's involvement with lobbying activities by management of the Association. The OBA has reviewed the details involved in the calculation and have indicated it appears to represent the lobbying expenses for the year ending April 30, 2017.

As a result of these procedures, it has been determined the applicable percentage, as previously described to be 15.92 percent.

If you have any question, please contact Lea Ann Jackson at the OBA.


Regulatory Feedback Initiative continues

We are rapidly approaching the end of another year. If your bank had an exam, or is scheduled to have one before Dec. 31, 2017, we're asking that someone on your staff complete the Coalition of Bankers Association's POST EXAM SURVEY.

The survey is 100 percent anonymous, so there is no way for us or for anyone else to know which bank has completed which survey. The information we collect will help us collectively hold federal regulatory agencies accountable.

This is particularly important given all the new regulations being enforced. We need the good, the bad and even the ugly. Even if you were happy with your exam, we're asking you to fill out the survey – more so, if there was something you disagreed with as part of your exam.

Please take 20 minutes to complete the survey, or assign a member of your staff to complete the survey, for each exam (compliance and safety and soundness) your bank has undergone before the end of this year.


Oklahoma community banks aid hurricane victims

OKLAHOMA CITY — Community banks take great pride in being the foundation of their communities. When cities and towns are in need, they don't hesitate to help in any way possible. These banks are also just as quick to react when the neighborhoods of their peers need assistance.

Following the recent rash of hurricanes in Texas, Puerto Rico, Florida and elsewhere, the Oklahoma Bankers Foundation began collecting funds from Oklahoma community banks to provide assistance to those in need. An impressive amount of $21,125 was recently collected, with more checks still coming in.


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