The Oklahoma Bankers Association Directory of Banks is again being produced this year by NFR Communications. To best serve you, we want to include the most up-to-date and accurate information about your bank, your branches and your staff. However, we need your help. To ensure we are using the most accurate information, please follow the instructions provided in the letter …

Happy new year and welcome to 2023! Last year was a whirlwind as the elections took center stage and legislative battles were a plenty. This year looks promising, if for no other reason there aren’t any major elections. Still, there will be plenty of talk about who is and who isn’t a viable candidate for the 2024 presidential election. I …

Federal banking agencies late last month extended by one year no-action relief under Regulation O for banks lending to investment fund-controlled companies under specific conditions. The relief was set to expire at the start of 2023 but has been pushed back to either Jan. 1, 2024, or the effective date of a final Federal Reserve rule revising Reg O. The …

The Federal Reserve Board and the FDIC announced in mid-December the 2023 updated asset-size thresholds used to define “small bank” and “intermediate small bank” under their Community Reinvestment Act regulations. Annual adjustments to these asset-size thresholds are based on the average change in the Consumer Price Index for Urban Wage Earners and Clerical Workers, which is a measure of inflation. …

Several scholarships are now available to bankers from OBA-member banks for various graduate schools of banking. Applications (other than for GSB-Colorado) should be submitted to the OBA’s Janis Reeser by email (janis@oba.com), regular mail (643 N.E. 41st St., OKC, 73105) or fax (405-424-4518). The scholarship recipients will be selected and announced no later than April 22. Click on the links …

In This Issue… Treasury issues guidance on stock repurchase excise tax Happy New Year’s! OBA education corner … Treasury issues guidance on stock repurchase excise tax The Treasury Department last week issued initial guidance regarding a new annual excise tax that applies to repurchases of a publicly traded corporation’s stock that takes place after Dec. 31, 2022. The tax was …

In This Issue… CFPB announces threshold adjustments for Truth in Lending Act Happy New Year’s! OBA education corner … CFPB announces annual threshold adjustments for Truth in Lending Act The Consumer Financial Protection Bureau last week announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act. For open-end consumer credit …

The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2022. 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. …

Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 26. We will re-open at our normal time on Tuesday, Dec. 27.

In This Issue… Happy holidays from us! Agencies release asset-size thresholds for CRA regulations Governor’s inaugural ball seeking sponsorships 2023 holiday closing signs available from OBA OBA education corner … Happy holidays from us! Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 26. We …