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The OBA has entered a co-branding agreement with Kentucky Bankers Association for a quarterly banking publication called Bank Performance Report. BPR currently has 350 bank subscribers from across the country. This report is in electronic and/or printed format utilizing data from the quarterly FFIEC Call Reports, from which the BPR ranks overall performance of each bank headquartered in that state. …

The Federal Housing Finance Agency published insight into homeowners’ equity status, which remains high. According to these statistics, negative equity is at its lowest in the past decade. While high-equity mortgages have been consistent recently, mortgages with equity of more than or equal to 30% have risen from 46.1% in the first quarter of 2013 to a 10-year high of …

Labor Day is close at hand … however, let’s talk about a few fraud trends and some training opportunities because we all know fraudsters capitalize on long weekends. Bankers are reporting seeing IRS and SSA wires, purportedly refunds and SSI payments, in large dollar amounts. Often starting as romance scams, these are being detected and returned by our savvy bankers. …

The FDIC last week published its 2023 Risk Review. The report summarizes conditions in the U.S. economy, financial markets and banking industry. The 2023 Risk Review provides a comprehensive summary of key developments and risks in the U.S. banking system, as in prior reports, and includes a new section focused on crypto-asset risk. The report focuses on the effects of key …

The Consumer Financial Protection Bureau should extend a court-ordered stay of its Section 1071 final rule to cover all FDIC-insured banks while the U.S. Supreme Court considers a separate legal challenge concerning the bureau, the OBA and 49 other state bankers associations said last week in a letter to CFPB Director Rohit Chopra. A federal judge in Texas last week …

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 …

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 …

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 …

The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2023 class; additionally, the process of selecting inductees has been updated. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. Second, as mentioned, there is a new process …

The Consumer Financial Protection Bureau has published on its website a list of frequently asked questions about compliance with its recently finalized Section 1071 small business lending rule. The document covers topics such as which institutions are covered by the rule and what transactions they must count when determining whether they satisfy the origination threshold.