Consumers continued to manage their credit well despite economic headwinds in the second quarter of 2022, according to the American Bankers Association’s latest Credit Card Market Monitor. The report found that credit card credit outstanding as a share of disposable income remained well below pre-pandemic levels in the second quarter while inflation-adjusted monthly credit card purchase volumes increased across risk …

In This Issue… ABA report: Credit card market remains strong Oklahoma Bankers Hall of Fame induction ceremony set for Thursday OBA education corner … ABA report: Credit card market remains strong Consumers continued to manage their credit well despite economic headwinds in the second quarter of 2022, according to the American Bankers Association’s latest Credit Card Market Monitor. The report …

In This Issue… Acting Comptroller of the Currency touts banks’ ‘quiet trustworthiness’ during crypto issues Oklahoma Bankers Hall of Fame induction ceremony set for Dec. 8 OBA education corner … Acting Comptroller of the Currency touts banks’ ‘quiet trustworthiness’ during crypto issues Amid significant volatility in the cryptocurrency markets, as well as an uptick in crypto-related frauds and scams, Acting …

Nearly one in four respondents said in a recent survey they would switch or have switched banks because another bank offered a cashback or rewards program, or offered a better version of a rewards program than their current bank. Rewards program platform provider Wildfire Systems commissioned a survey of more than 1,000 U.S. consumers on their attitudes toward cashback and …

Happy Thanksgiving from our staff to yours, from all our families to yours! The OBA offices will be closed starting Wednesday afternoon through Friday for the holiday. We will reopen at our regular time on Nov. 28. Have a happy Thanksgiving!

In This Issue… State Banking Board approves 50% reduction in 2023 assessments Arkansas representative pushes FDIC on re-presented transactions Oklahoma Bankers Hall of Fame induction ceremony set for Dec. 8 OBA education corner … State Banking Board approves 50% reduction in 2023 assessments The Oklahoma State Banking Board voted unanimously at its November meeting to reduce the assessments paid by …

The Oklahoma State Banking Board voted unanimously at its November meeting to reduce the assessments paid by Oklahoma state-chartered banks. The 2023 assessment rate was discounted 50% for each bank with assets less than $1 billion and 25% for each bank with assets more than $1 billion. During the meeting held Nov. 16, State Banking Commissioner Mick Thompson explained how …

President Joe Biden announced his intent this week to nominate Martin Gruenberg to serve as chair and member of the board of directors of the Federal Deposit Insurance Corporation. Gruenberg is currently acting chairman and member of the board of directors of the FDIC. He joined the FDIC Board of Directors in August 2005 and has served as vice chairman, …

In This Issue… Gruenberg nominated to head FDIC again Oklahoma Bankers Hall of Fame induction ceremony set for Dec. 8 Oklahoma Bar Association issues IOLTA Rule clarification OBA education corner … Gruenberg nominated to head FDIC again President Joe Biden announced his intent this week to nominate Martin Gruenberg to serve as chair and member of the board of directors …

The Oklahoma Bankers Hall of Fame inducted its 2022 class – its fourth ever – today at the Oklahoma History Center in Oklahoma City. Dr. Sinclair Armstrong Jr., with Armstrong Bank in Muskogee; Shirley Barber, a longtime banker with Security State Bank in Cheyenne; Robert H. Croak, with FNB Community Bank in Midwest City; and the late John Massey, with …