Oklahoma Banker Direct

Late Tuesday 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. “A small group of us began working on this concept about four years ago or so,” said …

Good afternoon everyone. As you know, the CFPB has published its Request for Information that deals with small business lending and the Bureau’s plan to implement the requirements of Sec. 1071 of Dodd-Frank. Those requirements will require your bank to collect HMDA-like data on small business loans. I’ve been included in a meeting at the Bureau on Monday to visit …

On May 4, the House Financial Services Committee approved H.R. 10, the Financial CHOICE Act. The vote was strictly along party lines, 34-26. One of its provisions will repeal the harmful Durbin Amendment. It’s possible H.R. 10 will be brought up by the House leadership and considered on the House floor next week during the OBA Convention in Norman. We know the …

This morning, the House Financial Services Committee began considering H.R. 10, the Financial CHOICE Act. Introduced by House Financial Services Chairman Jeb Hensarling (R-Texas), H.R. 10 is the chairman’s vision of the effort to “repeal and replace” Dodd-Frank. The Independent Community Bankers of America is having its annual ICBA Capital Summit in Washington, D.C., right now, and we want to …

Late Tuesday, Senate Bill 291 was added to the House Floor calendar and could possibly be heard today or Thursday. SB 291 is a bad bill for banking! This bill makes the necessary changes to allow Green-Energy PACE Home Loans. These loans are currently under scrutiny from federal regulators and Congress. Current Oklahoma law states that these loans are junior …