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According to a new poll shared by CNN Business, more than 70 percent of millennial and post-millennial customers still regularly visit a brick-and-mortar location bank, instead of relying solely on digital banking methods. Seventy-two percent of GenZ consumers visit a physical bank branch at least monthly, the highest of any age group, according to a study of 1,000 consumers by …

OBA President and CEO Roger Beverage was quoted prominently in a story in the Sunday, Nov. 10 edition of The Oklahoman, discussing Oklahoma banking. The story focused on how banks in the state have adapted – and generally remained strong – with the increased regulations stemming from the 2010 Dodd-Frank Act. You can read the entire story on The Oklahoman’s …

The OBA is hosting a meet-and-greet with Rep. Markwayne Mullin from 11:30 a.m.-12:15 p.m. on Nov. 8 at the OBA offices in Oklahoma City. All bankers and any guests they would like to bring are invited. No RSVP is necessary, but if you have any questions, please contact Adrian Beverage (adrian@oba.com) at the OBA.

The Oklahoma Bankers Hall of Fame will induct its second-ever class on Dec. 5 at the Oklahoma History Center in Oklahoma City. John V. Anderson, with F&M Bank in Crescent; Mick Thompson, with the Oklahoma State Banking Department; Clark and Wanda Bass, with First National Bank & Trust Co., in McAlester; and Morrison Tucker, a longtime Oklahoma City banker, will …

The House voted late Tuesday 249-173 to pass the Corporate Transparency Act (H.R. 2513). The legislation, sponsored by Rep. Carolyn Maloney (D-N.Y.), would direct the Financial Crimes Enforcement Network to create a national database that banks could use to verify a business’s beneficial ownership information. The bill was amended before passage to include legislation championed by Rep. Emanuel Cleaver (D-Mo.) …

Consumer credit delinquencies were mixed in the second quarter, with delinquencies falling for bank cards (credit cards provided by banks) and rising for the composite index of closed-end loans, according to results from the ABA’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in eight of the 11 categories tracked by ABA while three categories fell. The composite ratio, which tracks …

The Consumer Financial Protection Bureau recently released its Summer 2019 Supervisory Highlights, which includes key findings from the CFPB’s exams for the most part between December 2018 to March 2019. In each edition, the Bureau chooses the areas where it has seen the most supervisory activity, and for this one, it highlighted auto loan origination, credit card account management, debt …

On Friday, Sept. 27, federal banking agencies issued a final rule that raises the appraisal threshold for residential real estate transactions to $400,000. The threshold has been at $250,000. The new threshold addresses numerous concerns raised industry stakeholders over the time and cost of appraisals. Under the rule, transactions that qualify for the exemption still need to obtain an evaluation …

Check out the 2019 Annual Washington Visit highlights below with several photos from the event! This year’s event was  Sept. 15 through Sept. 17, during which bankers from across the state met with the Oklahoma delegation as well as all the regulatory agencies. Additionally, bankers gathered to watch college football and went on an offsite excursion to Mount Vernon.  

The Federal Reserve Bank of Kansas City released the results from the Second Quarter 2019 national Small Business Lending Survey this week. The quarterly survey of U.S. banks provides data on lending activity and terms for small businesses, a critical source of employment and economic growth for the country. Complete results of the survey are now available from the Kansas …