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I was recently in D.C. with 70 fellow bankers. During our visit, Rep. Lucas took time out of his busy schedule to meet with us for a few minutes. His dedication is greatly appreciated. During our visit, a hot topic was tax reform. As I understand it, the bill would have an easier road if it were revenue neutral. I …

The recent OBA Annual Washington Visit was highlighted in the Oklahoma State Banking Department’s monthly newsletter for October. The newsletter mentioned our Oklahoma bankers made a “powerful statement with record attendance” during the Visit, and also pointed out how several OBA Emerging Leaders made the trip. Oklahoma State Banking Commissioner Mick Thompson joined the more than five dozen bankers on the annual …

Last week, the Consumer Financial Protection Bureau released its final rule that covers generally the small-dollar lending market. Importantly, the final rule protects banks that make small-dollar “accommodation loans” to customers on an occasional basis. “The OBA challenged the complexity of the initial proposal in 2016 and its applicability to traditional community banks,” said OBA President Roger Beverage. “When we …

Forty percent of Americans manage their bank accounts online more frequently than any other method, according to a recent survey conducted by Morning Consult on behalf of the American Bankers Association.  One in 4 consumers (26 percent) use their mobile devices most often to conduct their banking business, while 18 percent visit their bank’s branch the most frequently. “Since the …

Last week, the Trump administration and congressional leaders released news about a joint framework for tax reform that was (apparently) hammered together by White House insiders, the speaker and the president pro temp of the Senate. This outline provides a very general road map for the House Ways and Means Committee as the long-awaited tax reform package is finalized. Democrats …

Bankers’ Night Out events for the fall season begin later this month. There are six stops scheduled, including a new addition to our regular list of locations: Stillwater.

The OBA’s Annual Washington Visit has been scheduled for Oct. 1-3 and the hotel will be the Mayflower. Registration information should be hitting your bank shortly, but you can also download the registration and information form, and get more info on the hotel, by clicking here.

  One of the nation’s largest credit reporting bureaus sustained a significant data breach late last week, and the breach may have a significant impact on a number of issues, including legislative proposals. “I’m sure the folks at Equifax are running around in circles trying to understand what happened,” OBA President and CEO Roger Beverage. “But the reality is this …

Great Plains Bank, based in Elk City but with locations throughout the state, including Oklahoma City, was featured in a NewsOK article this week. The story focused on the bank’s Midtown Oklahoma City location, which is much different from most banks with a more informal feeling, a lack of teller windows and no employees dressed in suits. You can read …

OBA President and CEO Roger Beverage recently crafted a well-worded rebuttal concerning overdraft fees in response to a recent article in Bloomberg’s Businessweek magazine. The rebuttal ran in today’s NonDoc news website as an op-ed piece from Beverage. You can visit the story by clicking here.