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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.

The Oklahoma Housing Stability Program was created by the Oklahoma legislature earlier this year.  The purpose of the program is to increase the number of single-family residences available for purchase across the State of Oklahoma for families with incomes up to $120% of the AMI, provide gap financing to aid and incentivize the production of rental housing across the state …

The FDIC has updated its Supervisory Guidance on Multiple Re-Presentment NSF Fees to clarify its supervisory approach for action when a law is violated. Since the issuance of the Supervisory Guidance on Multiple Re-Presentment NSF Fees, steps financial institutions have taken to remediate consumer harm associated with re-presentment fees have provided the FDIC with additional data about the amount of …

During the last week of the state legislative session, both the House and Senate passed HB 1031, which became law earlier this month. HB 1031 creates the Oklahoma Housing Stability Program.  The purpose of the program is to increase the number of single-family residences available for purchase across the State of Oklahoma for families with incomes up to $120% of …

The OBA’s Annual Washington Visit has been scheduled for Sept. 24-26 and the hotel will be The Mayflower Hotel. We challenge you to join the “Race to 100.” We’re striving for 100 bankers in D.C. for the 2023 OBA Washington Visit. We are still finalizing the exact times but know we will meet with the following: ABA, Federal Reserve, FinCEN, …

The American Bankers Association has joined a lawsuit filed by the Texas Bankers Association and McAllen, Texas-based Rio Bank challenging the Consumer Financial Protection Bureau’s final rule implementing Section 1071 of the Dodd-Frank Act. ABA president and CEO Rob Nichols made the announcement of his association joining the legal fight during the TBA’s annual convention in San Antonio late last …

We had a good time at convention! We hope you did, too! Check out a random smattering of photos from our convention below! You can also CLICK HERE to see ALL of the photos we collected from convention via a Dropbox folder!  

Did you miss our convention this week? Well, we missed you! We’ll have more photos and such to share with everyone in the upcoming days. Until then, quench your convention thirst with a peek at our opening session video featuring “family photos” of several banks in the state! Many thanks to all the banks who submitted photos for the project!