In This Issue… CFPB: Algorithms used in credit decisions must be explainable 2022 OBA Annual Washington Visit scheduled Fed board issues ‘Economic Well-Being of U.S. Households in 2021’ report OBA education corner … CFPB: Algorithms used in credit decisions must be explainable In a new circular issued late last week, the CFPB said under the Equal Credit Opportunity Act and …

We are less than one month away from the end of the state legislative session. Constitutionally, it has to adjourn sine die no later than 5 p.m. on the last Friday in May. My guess is the members will get out early, but how early is anyone’s guess. They still haven’t reached a budget agreement and you’ll need a minimum …

Esther George, president and CEO of the Federal Reserve Bank of Kansas City, announced today she intends to retire in January 2023, as required by the Federal Reserve’s mandatory retirement rules for Reserve Bank presidents. George, who began serving as president on Oct. 1, 2011, marked 40 years of service at the Kansas City Fed in April. Consistent with the …

The FDIC released its annual risk review late last week, and pointed out the banking environment improved in 2021 as the economy recovered from a period of economic hardship the year prior. The agency noted financial market conditions “were generally supportive of the economy and banking industry” throughout 2021, though they began to deteriorate with the onset of the Russian …

The 2022 OBA Convention and Trade Show will make its return this month when it will be held on May 18-20 at the Omni Hotel in Oklahoma City. This year’s theme is centered around that decade of decadence, the 1980s, hence our convention name of “The OB80s” Attendees can expect a fun atmosphere, highlighted by the Throwback Thursday fun on …

In This Issue… FDIC: Banking environment improved last year Did you miss our convention? OBA education corner … FDIC: Banking environment improved last year The FDIC released its annual risk review late last week, and pointed out the banking environment improved in 2021 as the economy recovered from a period of economic hardship the year prior. The agency noted financial …

OKLAHOMA CITY — The Oklahoma Bankers Association hosted 16 candidates who will be on statewide ballots in November, including three gubernatorial opponents, at a forum during its monthly board meeting on Wednesday, Sept. 21. The forum, which took place in the OBA’s Harris Event Center in Oklahoma City, was highlighted by the appearance of Gov. Kevin Stitt, and his Democratic …

Did you miss our 2022 OBA Convention last week? Well, if so, we missed YOU! We had a grand time celebrating that decade of decadence, the 1980s – or, as we coined it, the OB80s! Here’s a little sneak peek at some of the fun we had — our convention opening video. Look closely, and you’ll see the video features: …

In This Issue… Powell enters second term as Fed chairman Agencies release updated flood insurance guidance OBA education corner … Powell enters second term as Fed chairman The Senate confirmed Jerome Powell to a second term as chairman of the Federal Reserve last week, by a 80-19 vote. Powell has led the Fed board since 2018. The Senate last week …