News

FDIC Chairperson Jelena McWilliams announced her resignation on Dec. 31 via a letter to President Joe Biden. McWilliams, a Republican, was named the 21st chairperson of the FDIC in June 2018 after being appointed by then-President Donald Trump. Her official departure has been set for Feb. 4, with FDIC board member Martin Gruenberg reported to become acting chairman – his …

With the expiration of coronavirus-related relief provided under the CARES Act, the community bank leverage ratio will revert to a minimum of 9% starting on Jan. 1, 2022, the banking agencies said in late December. Banking organizations that elect the CBLR framework on their March 31, 2022, call reports will be subject to the requirement. “The community bank leverage ratio …

Bank economists expect credit conditions to continue improving for both consumers and businesses over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released on Jan. 25. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee (EAC), which …

In This Issue… FDIC approves final rule on deposit insurance simplification OBA hosting meet-and-greet for treasurer candidate Federal Reserve Board releases results of senior bank officers survey on strategies for reserve balances OBA Intern Program ready for 2022 OBA education corner … FDIC approves final rule on deposit insurance simplification The Federal Deposit Insurance Corporation approved a final rule late …

An OBA program to be aware of is the OBA Intern Program. The Intern Program will be active in 2022 and we’re looking for participating banks! For more information on this IMPORTANT program – important not only to aspiring students, but also to participating banks – Contact the OBA education department at (405) 424-5252 or click here for more information!

In This Issue… Bloomberg article: Cannabis banking is booming despite federal uncertainty Supreme Court blocks vaccine mandate Bankers at the State Capitol: Register for OBA’s 2022 Contact Banker Program OBA education corner … Bloomberg article: Cannabis banking is booming despite federal uncertainty The Bloomberg news service published a story in its daily newsletter today titled “Cannabis banking is booming despite …

We have set the dates for the 2022 Contact Banker Program. Click here to find a sign-up form with the dates listed for this year’s program. We ask you select what dates work best for you and return your form to megan@oba.com. Once we have the groups finalized, we will send an email confirmation of your date. On the date …

Earlier this afternoon, the Supreme Court released its opinion to block the OSHA vaccine or test mandate for large employers. The opinion from the Court can be found by clicking here. The mandate would have impacted some 80 million individuals and required employers with 100 or more employees to ensure their employees were fully vaccinated or to undergo regular testing and …

The Fourth Quarter Energy Survey was released on Jan. 7 by the Federal Reserve Bank of Kansas City. The survey found that energy activity in the Tenth District climbed moderately from a quarter ago and increased further from year-ago levels, according to Chad Wilkerson, Oklahoma City Branch CEO and economist at the Federal Reserve Bank of Kansas City. Future activity …

In This Issue… CFPB Section 1071 proposal deemed ‘unnecessarily far-reaching’ by ABA Banks notice rise in fraud, associated costs in 2021 Banking school scholarships available OBA education corner … CFPB Section 1071 proposal deemed ‘unnecessarily far-reaching’ by ABA While ABA and state bankers associations support fair lending laws and regulations, they are concerned about the CFPB’s long-awaited proposed rule to …