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The Consumer Financial Protection Bureau released a new bulletin last week highlighting complaints the agency has received related to cryptoassets. Consumers most commonly reported being victimized by fraud, theft, account hacks and scams. Consumers also had issues with executing transactions and transferring assets between exchanges, while others had issues accessing account funds due to platform failures, identity verification issues, security …

First rain, now snow. Due to the weather, the OBA Oktoberfest Golf Tournament scheduled for Nov. 14 has been CANCELED. Your registration fees will be refunded. Save the date: Please plan to play in the OBA spring golf tournament on Monday, May 8 at Belmar Golf Club in Norman. This event is held in conjunction with the 2023 OBA Convention.

The Federal Open Market Committee today announced it would raise the target range for the federal funds rate to 3.75 to 4% – the sixth rate increase this year and the fourth time the Fed has raised the rate by 75 basis points. FOMC also reiterated that it believes ongoing increases will be necessary to help return inflation closer to …

The Federal Reserve Bank of Kansas City released the third quarter Energy Survey last week, which revealed Tenth District energy activity grew solidly, while expectations for future activity eased somewhat. “Despite the pace of growth slowing slightly, District drilling and business activity remained solid in Q3,” said Chad Wilkerson, Oklahoma City Branch executive and economist. “Firms reported lower growth in …

Due to adverse weather conditions, the OBA Oktoberfest Golf Tournament (previously set for Oct. 24) has been rescheduled for Monday, Nov. 14.  Show off your golfing skills or simply join your banking peers as a social registrant at the 2022 OBA Oktoberfest Golf Tournament on Nov. 14 at River Oaks Golf Club in Edmond. The tournament fee is $150 and …

During an industry event last week, Federal Reserve Gov. Michelle Bowman praised banks for their recent examples of resilience during the pandemic, and how recent supervision and regulation have contributed to a “safer, stronger, better capitalized” banking system. Bowman’s comments primarily focused on what she called the Fed’s “incremental approach to ongoing refinements” in supervision and regulation and the critical …

The CEOs of the nation’s seven largest retail banks testified before the House Financial Services Committee last week in a hearing that touched on a wide range of topics, although high inflation and the Federal Reserve’s decision to once again raise the federal funds rate loomed large. During the six-and-a-half hour hearing, the executives fielded questions ranging from mortgage practices …

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. 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 opponent in …

Traders are expecting the Federal Reserve to raise interest rates at its meeting later this month. The possibility of a third straight three-quarter point hike looks to be high, according to stories in several media outlets. You can read one, via CNBC, by clicking here.

The Office of the Comptroller of the Currency will lower assessments in 2023 as part of an effort to close the pricing differential between state and federal charter assessments, Acting Comptroller of the Currency Michael Hsu said last week during remarks to the Texas Bankers Association. Effective in March, the agency will make a 40% reduction in assessments for a …