Oklahoma Bankers Association We make bankers better!
In This Issue…
- From Adrian’s desk …
- OBA, ABA, state bankers associations support disapproval resolution of CFPB’s overdraft rule
- OBA Bankers’ Night Out programs ready for spring
- CFPB staff terminations, defunding put on pause
- Emerging Leaders socials scheduled for spring
- 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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What a gorgeous day! It’s slated to be 70-plus degrees and drenched with sunshine!
Wait … OH! You’re confused! Well, I’m at the ABA Conference for Community Bankers, out in Phoenix, Arizona, right now. According to my co-workers back in Oklahoma City, all I keep hearing them tell me is some old Jimmy Buffet lyric about how, “The weather is here, wish you were beautiful.”
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In all seriousness, there’s a large contingent of Oklahoma bankers here in Phoenix at this year’s conference, where the focus is on technology and regulations on banks. We’re proud so many of Oklahoma’s best joined us at this important conference.
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The good times finally ended for Nebraska men’s basketball last week as my ‘Huskers dropped a home-court contest to visiting Maryland. It halted our four-game winning streak.
Never fear, however, a new streak started on Sunday!
OBA, ABA, state bankers associations support disapproval resolution of CFPB’s overdraft rule
The OBA, along with the American Bankers Association and all 51 other state bankers associations, gave strong support for a resolution of disapproval introduced by Senate Banking Committee Chairman Tim Scott (R-S.C.) and House Financial Services Committee Chairman French Hill (R-Ark.) that would invalidate the Consumer Financial Protection Bureau’s final rule on overdraft protection.
The CFPB rule requires banks with at least $10 billion in assets to cap overdraft fees at $5 unless they voluntarily set a cap that covers their actual costs and losses or treat overdraft protection as a loan covered by the Truth in Lending Act. A Congressional Review Act resolution would overturn the rule if adopted by both the House and Senate and signed by President Trump.
In a letter to lawmakers, the associations said the rule would lead banks to restrict or eliminate access to overdraft services, “harming those consumers who have few, if any, other options for meeting short-term liquidity needs.”
OBA Bankers’ Night Out programs ready for spring
The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative updates, the program will include a discussion on the recent developments in your industry.
As in the past, the schedule for each of these meetings is:
5:30 p.m. – Drinks
6:15 p.m. – Program
7 p.m. – Dinner
PRE-REGISTRATION IS REQUIRED. The cost is $60 per person. Click here for a registration form.
Locations and dates for this year’s events are:
- Guymon, March 13.
- Oklahoma City, March 25.
- Ardmore, March 27.
- Tulsa, April 1.
- Enid, April 10.
- Krebs, April 30
Additionally, a special lunch edition of the Bankers Night Out events will be held on April 30 at Shangri-La, in Afton. It will start at 11:30 a.m. and the cost is $50 per person.
Please contact Thi Pham (thi@oba.com) for sponsorship questions
CFPB staff terminations, defunding put on pause
A federal judge has ordered the Trump administration to pause most terminations of Consumer Financial Protection Bureau staff and not to defund the bureau by transferring its reserves to another part of government.
Last week, CFPB Acting Director Russ Vought ordered CFPB staff to pause all supervisory and enforcement activities and instructed the Federal Reserve not to appropriate the next round of funding for the bureau.
U.S. District Court Judge Amy Berman Jackson issued a preliminary injunction on Friday against the Trump administration in the case. Jackson ordered no further firings of CFPB staff except for cause related to an employee’s performance or conduct. She also ordered the administration not to issue any notice of reduction-in-force to CFPB employees, not to transfer the CFPB’s reserves back to the Federal Reserve or another part of government, and not to destroy bureau records unless following the legal procedures for the proper disposal of documents.
The court plans to hold a hearing in early March on the injunction.
Emerging Leader socials scheduled for spring
Join your banking peers for an Emerging Leaders social! There is no registration fee, but please RSVP to let us know you’ll be there. Questions? Email Megan McGuire.
Oklahoma City: Click here to RSVP.
Date: Tuesday, March 25
Time: 5-5:30 p.m.
Location: Embassy Suites OKC Downtown, 741 N. Phillips Ave., Oklahoma City, OK 73104
Ardmore: Click here to RSVP.
Date: Thursday, March 27
Time: 4:30-5:30 p.m.
Location: Dornick Hills Country Club, 519 Country Club Rd, Ardmore, OK 73401
Tulsa: Click here to RSVP.
Date: Tuesday, April 1
Time: 4:30-5:30 p.m.
Location: Hard Rock Hotel, 777 W. Cherokee St., Catoosa, OK 74015
These socials will be held at the Bankers’ Night Out locations in Oklahoma City, Ardmore and Tulsa. If you plan to attend the BNO after the social, please register accordingly.
OBA education corner …
Don’t let the colder weather get you down, regardless if it’s as cold as ice out there. Just avoid having your sweater come undone, and let it go.
(We couldn’t figure out how to casually drop that song title in there, so we just shoehorned it!)
While thinking of all the songs about winter out there, don’t forget to take part in some upcoming continuing education opportunities for you and your staff in 2025!
- Women in Banking Luncheon, Feb. 21-Oklahoma City; Feb. 28-Tulsa — Grounded in practical insights and real-world success, these sessions share strategies for fostering a collaborative culture where women leaders support and amplify each other.
- Security Awareness Training: Best Practices For Keeping Your Employees Engaged, Feb. 25, webinar — It’s time to shift our thinking when it comes to security awareness training. Yearly education and testing just doesn’t cut it in today’s cyber world.
- Call Report Seminar, Feb. 25, Oklahoma City — The presentation will guide call report preparers through the practical application of the complicated instructions and provide clarity to common reporting challenges.
- A.I. 101: What You Need To Know About A.I. And Banking Today, Feb. 27, webinar — The use of artificial intelligence (A.I.) over the next few years is poised to revolutionize not only our society as a whole, but the banking industry in particular.
- Marketing and Advertising Compliance: All-Day Streaming, March 4, webinar — In this day and age of UDAP/UDAAP, it’s clear that how you say what you say in your advertisements is just as important as what you say.
- ACH Origination and Risk: A Guide to Being an ODFI, March 4, webinar — You’ll gain insights into the critical roles of Originating Depository Financial Institutions (ODFIs), Originators, and Third-Party Senders (TPSs), as well as the common risks like fraud, unauthorized transactions, and credit exposure.
- Your Guide to Letters of Credit, March 4, webinar — Whether your financial institution issues letters of credit, accepts letters of credit or takes liens on letters of credit rights, this program is for you.
- Overdraft and Related Fees: What Should We Do?, March 5, webinar — Overdrafts are certainly a topic we’ve heard a lot about lately. Are they outlawed? (Hint: No). Should we consider eliminating them? (Hint: No, but be careful).
- FedNow and RTP Compliance with OFAC and Regulation E, March 6, webinar — This session will delve into Regulation E compliance, focusing on error resolution and consumer protection to ensure your institution meets key regulatory expectations.
- SAR Decision Making, March 6, webinar — What are your procedures from systems or frontline to investigation to SAR?
- 2025 Retail Management Workshop, March 11-12, Oklahoma City — This two-day, interactive, workshop is designed to provide a complete overview of management and leadership principles for retail managers serving in all roles of the retail banking line of business for the bank.
- 2025 OBA Senior Management Forum, April 6-8, Indian Wells, California — One of the key benefits in the conference will be talking with your peers. Attendees at the OBA 2024 Senior Management Conference will be surrounded by those with similar titles, similar workloads, similar problems and likely solutions to issues that can be just as similar. If you have any questions or want to get signed up, contact the OBA’s education department at 405-424-5252.
Finally, due to the winter weather forecast for this week, the TRID and Flood education programs have been postponed.
TRID will move to April 22.
Flood will move to April 23.
We apologize for an inconvenience. Feel free to contact the education department if you have any questions.