Oklahoma Banker Direct

(includes updated time) CFPB Director Kathy Kraninger will make her first visit to Oklahoma City on Nov. 14 to do a number of things, which includes a briefing with OBA-member banks. The meeting will be held at 10:30 a.m. on Thursday, Nov. 14 in the conference room at Valliance Bank, which is located at 1601 NW Expressway, Oklahoma City, OK …

(Information courtesy of ABA) The U.S. Department of Agriculture on Tuesday issued an interim final rule establishing new regulations and procedures for the legal production of industrial hemp, as required by the 2018 Farm Bill. The Farm Bill reclassified hemp as a legal agricultural commodity, but questions remained, including those related to banks’ ability to serve hemp producers and hemp-related …

Last night, we distributed a Banker Direct in which we included the news about the U.S. House of Representatives’ passage of H.R. 1595, the SAFE Banking Act. The bill was placed on the suspension calendar (meaning it was non-controversial) and passed 321-103, with nine members not voting. We were able to access the vote tally late last night and the …

The U.S. House of Representatives passed the SAFE Banking Act earlier today in a 321-103 bipartisan vote. The Act would help legal cannabis-related businesses gain access to banks without punishment from federal banking regulators. The bill would also help banks meet the needs of their communities while also reducing the possibility of cash-motivated crimes at marijuana-related businesses because of their …

Need a night out with good food and company? The OBA will be able to sate those needs with its fall version of the ever-popular Bankers’ Night Out programs, which start next week! 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 …

The OBA has been at the forefront of a nationwide effort to encourage the Fed to decide whether it would develop its version of a real-time payments in the U.S. We’ve made the position known since last year and, like our colleagues, we believe every bank in the country and their customers will benefit from a seamless, ubiquitous real-time payments …

As a follow up to Tuesday’s OBA Update, we wanted to make sure our bankers took note of the new study that found credit unions fall short of their mission to serve low-income or “small-means” households. Credit unions enjoy many benefits, most notably a federal tax exemption. Many of these benefits stem from the original mission of credit unions to …

Due to an abundance of caution with impending weather, the OBA Convention Golf Tournament, scheduled for today, has been canceled. Refunds for those who have registered will be processed in a timely manner. If you have any questions, contact Adrian Beverage at the OBA at (405) 424-5252.

Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB), has joined the speaker lineup for the upcoming 2019 OBA Convention, May 20-22 at the Edmond Convention Center. Kraninger, along with Oklahoma State Banking Commissioner Mick Thompson and OBA Chairperson Sandy Werner, will meet up for a “fireside chat” during the Lunch & Business Meeting, which begins at noon on …

The OBA, in its continuing effort this year to let our bankers know more about candidates in important races, wants to share some background on the lieutenant governor race. Last week, we provided an opportunity to meet Republican candidate Matt Pinnell. Today, we wanted to highlight his opponent in the upcoming Republican runoff, Dana Murphy. The below was provided by …