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Just another reminder to let your representative or senator know how you feel and what you think about the plan that’s been developed by a group of leading business and civic leaders with the number of individual leaders who also support this program growing day by day. In a previous OBA Update, we briefly outlined a few of the pros …

Each year, the Oklahoma Bankers Association awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. 

The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. As in the past, the schedule for …

State banking association executives have submitted a joint comment letter to the Financial Accounting Standards Board regarding the Exposure Draft:  Accounting Standard Update: Income Statement – Reporting Comprehensive Income (Topic 220) Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“proposed ASU”).

The following letter was sent to each member of the Oklahoma Delegation in the U.S. House of Representatives:           

Have your bankers and/or coworkers attended the OBA Intermediate School? If the answer is “no,” then NOW is the time to think about it! The 2018 OBA Intermediate School takes place over two week-long session on Feb. 5-9 and June 4-8. This incredibly important school is designed to prepare students to serve effectively and profitably the needs and desires of their banks …

The American Banker newspaper is reporting President Trump is considering J. Mark McWatters as a possible nominee to be the director of the Consumer Financial Protection Bureau. McWatters is currently the chairman of the National Credit Union Administration, the federal agency that is responsible for regulating the nation’s credit  unions. “I don’t think most people have any idea about the …

The following information shows the result of a recent poll conducted by Morning Consult, The poll was conducted at the request of the American Bankers Association.  Here are the results: 1. Voters are largely not aware of the fact that credit unions pay no federal income tax; 2. It is not appropriate for a tax-exempt industry to spend millions of …

Late Tuesday (Dec. 5) afternoon, the Senate Banking Committee voted to advance S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act to the full Senate for consideration. It was a strong bipartisan vote: 16-7, including four of the 11 Democrats on the Committee.  “This is the first regulatory relief effort to make it out of Committee since Dodd-Frank was enacted in …