Oklahoma Bankers Association We make bankers better!
In This Issue…
- From Adrian’s desk …
- ABA, other associations seek adjustment in face-to-face requirements for borrowers in default
- Nondeductible portion of OBA dues calculated
- OBA schedules Oktoberfest Golf Tournament
- OBA TikTok Time …
- OBA education corner …
From Adrian’s desk …
By Adrian Beverage
OBA President & CEO
Just some random tidbits that might be of interest to our bankers this week!
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We’re nearing the eve of our annual Washington, D.C., visit, and I’m excited! We’re going to have another large group descend upon the nation’s capital, and we hope to hear from as many legislators, regulators and any other “ors” we can get in front of!
We’ll keep you updated on the OBA’s social media outlets on how it’s going once we get there at the end of the weekend, and through the meetings, which take place on Monday through Wednesday.
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It appears the final debate is behind us, and now we can just pin our ears back and hurry along to the actual election. Only four dozen more days!
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Before I get to my beloved Cornhuskers, our communications director, Jeremy Cowen, has been badgering me something fierce about high school football. It seems his alma mater Hartshorne Miners made the rankings this week, and he simply won’t shut up about it. And, as we know, when Jeremy gets to jabberin’, it doesn’t stop nor slow easily. So, here, he wanted me to share a snippet of the Class 1A rankings so maybe he’ll stuff his mouth with one of his bow ties and leave me alone:
Ugh. Complete with Jeremy’s own Photoshop editing, I see.
After that, I don’t have much energy left, except to add Nebraska hosts a top-25 Illinois team on Friday, at the same time Hartshorne visits Hulbert. Take a guess on which game I’ll be watching …
ABA, other associations seek adjustment in face-to-face requirement for borrowers in default
The Federal Housing Administration’s proposed implementation of a new rule removing the face-to-face meeting requirement for certain mortgagees could actually increase the complexity and risk of the borrower engagement process, the American Bankers Association and three associations said late last week in a joint letter to the agency.
In August, FHA issued a final rule that made permanent a pandemic-related rule that waives the Department of Housing and Urban Development’s requirement for mortgagees to meet in person with borrowers who are in default on their mortgage payments. The agency has since published a draft mortgagee letter outlining how the policy change will be implemented. ABA and the other associations support providing more flexibility in the engagement processes, but said the draft letter could make the process more onerous as it is “vague and operationally infeasible.”
Nondeductible portion of OBA dues calculated
The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2024.
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. Forvis Mazars, LLP, has reviewed the details involved in the calculation and have indicated it appears to represent the lobbying expenses for the year ending April 30, 2024.
As a result of these procedures, it has been determined the applicable percentage as previously described to be 22.09%.
If you have any questions, please contact Lea Ann Jackson at the OBA.
OBA schedules Oktoberfest Golf Tournament
Show off your golfing skills or simply join your banking peers as a social registrant at the 2024 OBA Oktoberfest Golf Tournament on Oct. 21 at Belmar Golf Club in Norman.
The tournament fee is $175 and the registration deadline is Oct. 14. The tournament will begin with registration and lunch. Immediately following the tournament, we will hold an awards ceremony. Sign up now to reserve your spot. We hope to see you on the course!
Not golfing? Join your banking peers as a social attendee for lunch, refreshments and fellowship on the patio. Social attendee registration fee is $50. If you are interested in sponsorship opportunities, contact Thi Pham.
Tournament Schedule
10 a.m. — Registration
11 a.m. — Lunch
12 p.m. — Shotgun Start
Immediately Following Golf — Awards
OBA TikTok Time …
Welcome to the continuation of our semi-regular feature in the OBA Update: OBA TikTok Time!
The OBA created a TikTok account to feature fun, entertaining little video segments that feature our bankers and those who work with them. No, you don’t have to have a TikTok account to view these short videos as you can navigate directly there just by using the link we provide here in the OBA Update. For those concerned about security via TikTok, you can also easily view the videos through our Instagram account.
We’ll feature our most recent TikToks each week in the TikTok Time of the OBA Update. For this week’s edition, we visited the first day of the OBA Basic Banking School to ask some of the attendees “Why did you join the banking industry?”
OBA education corner …
Well, we thought it was autumn. Mother nature had different plans, however … and appears she will continue having them. While dreaming of cool weather, check out some upcoming continuing education opportunities available from the OBA!
- Digital Banking Issues – What are the Compliance Requirements?, Sept. 25, webinar — We are seeing a rapid shift in the way financial institutions interact with their customers and conduct business to a more remote, online delivery model.
- Deposit Regulation Study: Dive Into 10 Regulations – 4-Part Series, Sept. 25-27, Oct. 1, webinar — Are you in compliance on the deposit side? During this study, we will make our way through 10 regulations and begin to understand who they apply to, how you can stay in compliance and how to maintain clean operations.
- Fraudulent Cashier’s Checks: Best Practices for Avoiding Losses, Sept. 26, webinar — Learn about the unique risk cashier’s checks pose to banks and the best practices for limiting losses when processing these transactions.
- Loan Documentation 101: 2-Part Series, Oct. 1-2, webinar — Learn about basic secured loan documentation, lien perfection and business collateral in this two-part series.
- Understanding Commercial Real Estate Loan Documents, Oct. 2, webinar — Gain an understanding of all sections of required real estate loan documents.
- OFAC Training for Customer Service Representatives, Oct. 8, webinar — Your staff is required to have training on OFAC. In this program, we will learn what the OFAC program is all about.
- Bank Fraud Investigations 101 Seminar, Oct. 24, Oklahoma City — This class was designed to give you the processes and actions needed to successfully investigate a loss or potential loss event.
- 2024 OBA Operations School, Nov. 18-22, Oklahoma City — The Operations School is designed to prepare junior-level officers to mid-level operations managers to manage effectively and efficiently an operations function within a bank.
Additionally, the 2024 Rural Economic Outlook Conference, hosted by OSU Extension, will take place on Oct. 16 in Stillwater. This all-day event is a must for those who work closely in the agricultural markets.
Finally, just a quick note to mark your calendars as the OBA Convention and OBA Senior Management dates and location have already been set for next year! The 2025 OBA Convention will be held May 12-14, back at the Skirvin Hilton in Oklahoma City. Meanwhile, the 2025 OBA Senior Management Conference will be held on April 6-8 at the Renaissance Esmeralda Resort and Spa in Indian Wells, California. More details will be available in the coming months, but go ahead and get those notes on your calendar today!