Deposit accounts for minors HMDA filing update for small reporters Deposit accounts for minors By Pauli D. Loeffler We get a lot of emails and calls regarding minors as owners on accounts and UTMAs. There are various OBA Legal Briefs articles covering aspects of these accounts in piecemeal fashion, but some of them are not easy to locate, and there …
September 2018
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September 12, 2018
Community Banks Advisory Council restructured
Earlier this year, the Bureau of Consumer Financial Protection fired the 19 members of the Community Banker Advisory Board created during the Richard Cordray era as required by Dodd-Frank. The Bureau then tried to re-create a smaller group in an effort to bring in more diverse views and exclude national advocacy organizations. The restructured CBAB is much smaller – seven …
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September 11, 2018
Week of Sept. 10
In This Issue… • 9/11 remembered today • Community Banker Advisory Council restructured; Oklahoma bankers’ applications rejected • Impact of new HMDA data: What does it mean? • OBA education corner …
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September 11, 2018
Executive News: What else should we be considering?
As I write this month’s column, OBA Chairman Sandy Werner and I are in Washington with the State Chamber for its Annual Washington Visit. The most “interesting” thing going on is we’re right in the middle of the Senate Judiciary Committee hearing to confirm Brett Kavanaugh’s nomination to the U.S. Supreme Court. I assure you, it is as chaotic and …
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September 11, 2018
Oklahoma, nation’s banks report earnings increases
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $60.2 billion in the second quarter of 2018, up $12.1 billion (25.1 percent) from a year ago. Oklahoma banks showed an increased of more than $100 million in the second quarter of 2018 compared to the same time period in 2017: from $593 …
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September 11, 2018
Bankers’ Night Out events set to start in September
The dates for the OBA Bankers’ Night Out programs have been finalized. 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 everyone can be up to speed on the most recent developments affecting their job. Specifically, this fall’s stops will focus on …
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September 6, 2018
Comment time extended for Volcker rule
Five federal financial regulatory agencies extended until Oct. 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the “Volcker rule.” The Volcker rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds. With the extension, the Federal Reserve Board, the Commodity Futures …
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September 4, 2018
Week of Sept. 4
In This Issue… • Sandy’s salutations • Deadline approaching to order 2019 Oklahoma Views & Vistas calendar • OBA education corner …
August 2018
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August 30, 2018
Oklahoma, nation’s banks report earnings increases in second quarter
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $60.2 billion in the second quarter of 2018, up $12.1 billion (25.1 percent) from a year ago. Oklahoma banks showed an increased of more than $100 million in the second quarter of 2018 compared to the same time period in 2017: from $593 …
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August 28, 2018
Week of Aug. 28
In This Issue… • Webinar replay on fighting elder abuse available • Early bird deadline approaching for OBA Annual Washington Visit • OBA education corner …