In This Issue… From Adrian’s desk … OBA, other state bankers associations urge delay of Section 1071 implentation Hawaii Bankers Association launches wildlife disaster fund Oklahoma Bankers Hall of Fame accepting nominations for 2023 OBA Emerging Leaders Academy taking applications OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that …

Additional increases in the federal funds rate will likely be needed to lower inflation to the Federal Reserve’s 2% goal, Fed Governor Michelle Bowman said in two speeches on Friday and Monday. Speaking at events in Colorado and Georgia, Bowman noted inflation has cooled since last year’s high but remains elevated. Consumer spending is robust, and demand for workers continues …

In This Issue… From Adrian’s desk … Fed governor: Additional rate hikes expected Draft documents for Oklahoma Housing Stability Program undergo changes Have you registered for OBA Washington Visit yet? Here’s some reasons to do so … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of …

The current president and CEO of the Southwestern Graduate School of Banking Foundation at Southern Methodist University has been appointed the next president and CEO of the Kansas City Fed, effective later this month. Jeffrey Schmid, who has served with SWGSB since 2021, will take the reins of the Kansas City Fed on Aug. 21. Schmid succeeds Esther George, who …

The ACH Network saw significant growth in same-day ACH payments in the first half of 2023, according to figures released by Nacha today. The value of same-day ACH payments for the first half of the year was $1.2 trillion, a 51.7% increase from the year prior. The volume of same-day ACH payments was up 13.7%. In the second quarter, there …

In This Issue… Southwestern Kansas bank closes Oklahoma Housing Finance Agency schedules additional input sessions OBA Emerging Leaders Academy accepting applications OBA education corner … Southwestern Kansas bank closes State regulators on Friday closed Heartland Tri-State Bank in Elkhart, Kansas, and named the FDIC as receiver. The FDIC entered into an agreement with Dream First Bank in Syracuse, Kansas, to …

A Texas federal judge issued an order today for an injunction against the Consumer Financial Protection Bureau’s Section 1071 final rule. The injunction, which came at the request of the American Bankers Association, the Texas Bankers Association and McAllen, Texas-based Rio Bank, is ONLY for member banks of the ABA and/or TBA. Although both trade associations asked for the injunction …

Proponents of the Credit Card Competition Act are trying to latch it on as an amendment to the must-pass National Defense Authorization Act – and pass it quickly before Congress adjourns for an August break. Your senators need to hear from you. Although both Sen. Lankford and Sen. Mullin have opposed this legislation in the past, it’s important to remind …

Oklahoma Attorney General Gentner Drummond is leading a coalition of nine attorneys general urging the Federal Deposit Insurance Corporation to reverse course on its proposed rule to impose a special assessment on banking organizations. The would-be rule is an effort to recover the costs of bailing out elite depositors like venture capitalists and foreign nationals at Silicon Valley Bank and …

In This Issue… Oklahoma attorney general opposes FDIC’s proposed special assessment ACH network same-day payments grown in 2023 Oklahoma Bankers Hall of Fame accepting nominations for 2023 2024 Oklahoma Views & Vistas Calendar available for early-bird orders OBA education corner … Oklahoma attorney general opposes FDIC’s proposed special assessment Oklahoma Attorney General Gentner Drummond is leading a coalition of nine …