Oklahoma Bankers Association
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Comptroller wants to ease regulatory burden on banks

August 28, 2015

Comptroller of the Currency Thomas J. Curry discussed efforts on ways to reduce unnecessary regulatory burden on both national banks and federal savings associations in his speech at the fourth outreach meeting in Kansas City, Missouri. This meeting focused specifically on issues important to rural banks and thrifts.

In his statement, he singled out rural banks, agricultural banks and community banks and the number of challenges they face. Curry stated that the OCC advanced three specific proposals to eliminate regulatory burden, and they are hoping Congress takes action on them in the current legislative session. Curry believes these proposals are significant and important steps to help a vast amount of smaller institutions. He does not want to stop after these three steps. Rather, he wants to look at every possible approach that could potentially help community banks succeed in the modern financial world. To read Curry's full address, click here.


Check out OBA Emerging Leaders program

The OBA's Emerging Leaders program was created with the goal of engaging the next generation of banking leaders in the process of dealing with issues facing their industry through their participation in the OBA. This program will help develop these future leaders so they remain committed, loyal and actively involved in matters that affect their banks and, most importantly, their ability to serve their customers.

Click here to find out more, or contact Megan McGuire at the OBA.

Survey on Department of Labor overtime proposal

Recently, three of our banker friends in Louisiana participated in a Small Business Administration roundtable discussing the recent Department of Labor proposal that will significantly expand the rules for overtime pay. As proposed, the threshold required for employees to be exempt from overtime payments will be more than doubled – to $50,440 – under the Fair Labor Standards Act.

We need your help. We are looking for the number of employees in Oklahoma banks who would be affected by this proposed change. We are also trying to get our collective arms around the potential costs of overtime and the viability of smaller banks and branches.

Click here to access the survey.


Sign up for Annual Washington Visit

The OBA's 2015 Annual Washington Visit has been scheduled for Oct. 4-6 and the hotel will be the Mayflower. Registration information has been mailed, but you can also download the registration and information form, and get more info on the hotel, by clicking here.

If you have any questions, contact Adrian Beverage at the OBA.


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