Oklahoma Bankers Association We make bankers better!
“I received guardianship documents…” Thoughts on the 120-day foreclosure waiting period
August 2017
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August 7, 2017
Week of Aug. 7
Greetings from Guy By Guy Sims OBA Chairman The White House was relatively quiet this past week: No berating the administration’s own attorney general, no red meat political speech to the Boy Scouts of America, relatively few early morning tweets and no major staff shake-ups. I would call this a calm week by President Trumps standards. I have to think the …
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August 7, 2017
ODP Business Solutions (Office Depot)
Office Depot is now ODP Business Solutions! OBA has partnered with ODP Business Solutions to provide association members significant discounts on a wide range of office and banking supplies, cleaning supplies, furniture, break room provisions, print solutions and promotional products. OBA’s partnership with ODP Business Solutions is part of a national state bankers association discount program accessed by hundreds of …
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August 1, 2017
Small business lending focus of CFPB meeting
Most bankers are aware the Consumer Financial Protection Bureau has put forth a Request for Information that deals with the small business lending market. In particular, the Bureau wants information about current practices as they relate to small businesses that are minority- or women-owned. This request comes about because Section 1071 of Dodd-Frank has mandated bankers compile, maintain and report …
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August 1, 2017
Bankers’ Night Out events scheduled for autumn
To help with our bankers’ future planning, we’ve set the dates and locations for the upcoming Bankers’ Night Out events for the fall season. These events are valuable opportunities for bankers to network with peers and gain insight on happenings in the industry. There are six stops scheduled, including a new addition to our regular list of locations: Stillwater. All …
July 2017
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July 25, 2017
Small-business lending information needed
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 …
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July 24, 2017
Week of July 24
Greetings from Guy By Guy Sims OBA Chairman I spent last week attending the ABA’s Summer Leadership Meeting in Boston. The meeting provided a great opportunity to network with other bankers from across the country as well as gain additional insight into what is going on in Washington, D.C. On the regulatory reform front, it appears work is going on …
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July 17, 2017
Week of July 17
Congressional GOP: pursuing vote to overturn arbitration rule Last week, the Consumer Financial Protection Bureau issued its Final Rule that, in essence, prohibits banks and other lenders from using mandatory arbitration clauses in their lending and other documents. “That’s the bad news,” OBA President and CEO Roger Beverage said. “The good news is that congressional Republicans are poised to use …
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July 12, 2017
July 2017 Legal Briefs
“I received a garnishment…” Are annual privacy notices still required? Proposed changes to Prepaid Rule CFPB “special edition” on complaints Will the CFPB get SCRA enforcement authority? “Debt collector” gets a refined definition