Oklahoma Bankers Association We make bankers better!
In This Issue… From Adrian’s desk … OBA, other state bankers associations urge delay of Section 1071 implentation Hawaii Bankers Association launches wildlife disaster fund Oklahoma Bankers Hall of Fame accepting nominations for 2023 OBA Emerging Leaders Academy taking applications OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that …
August 2023
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August 9, 2023
Ace Appraisal Group
Ace Appraisal Group (AAG) is distinguished by a team of seasoned commercial appraisers, whose combined 20 years of expertise propels us to the forefront of the industry. We are committed to setting the standard in Oklahoma and beyond with exceptional customer service, precise valuations, and expedited turnaround times. Our comprehensive coverage extends throughout Oklahoma, ensuring localized and knowledgeable service for …
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August 9, 2023
Fed governor: Additional rate hikes expected
Additional increases in the federal funds rate will likely be needed to lower inflation to the Federal Reserve’s 2% goal, Fed Governor Michelle Bowman said in two speeches on Friday and Monday. Speaking at events in Colorado and Georgia, Bowman noted inflation has cooled since last year’s high but remains elevated. Consumer spending is robust, and demand for workers continues …
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August 8, 2023
Week of Aug. 7
In This Issue… From Adrian’s desk … Fed governor: Additional rate hikes expected Draft documents for Oklahoma Housing Stability Program undergo changes Have you registered for OBA Washington Visit yet? Here’s some reasons to do so … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of …
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August 2, 2023
New Kansas City Fed president/CEO named
The current president and CEO of the Southwestern Graduate School of Banking Foundation at Southern Methodist University has been appointed the next president and CEO of the Kansas City Fed, effective later this month. Jeffrey Schmid, who has served with SWGSB since 2021, will take the reins of the Kansas City Fed on Aug. 21. Schmid succeeds Esther George, who …
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August 1, 2023
Endurance Advisory Partners, LLC
Founded in 2009, Endurance Advisory Partners has an extensive track record of providing strategic solutions and execution resources to regional and community financial institutions and investors nationwide. Endurance achieves results by leveraging deep understanding of financial services, regulatory, technology, risk management, corporate finance and financial markets to help clients develop and execute strategies. Our firm has successfully guided over 70 …
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August 1, 2023
ACH network same-day payments grow in 2023
The ACH Network saw significant growth in same-day ACH payments in the first half of 2023, according to figures released by Nacha today. The value of same-day ACH payments for the first half of the year was $1.2 trillion, a 51.7% increase from the year prior. The volume of same-day ACH payments was up 13.7%. In the second quarter, there …
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August 1, 2023
Week of July 31
In This Issue… Southwestern Kansas bank closes Oklahoma Housing Finance Agency schedules additional input sessions OBA Emerging Leaders Academy accepting applications OBA education corner … Southwestern Kansas bank closes State regulators on Friday closed Heartland Tri-State Bank in Elkhart, Kansas, and named the FDIC as receiver. The FDIC entered into an agreement with Dream First Bank in Syracuse, Kansas, to …
July 2023
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July 31, 2023
Federal court halts Section 1071 implementation
A Texas federal judge issued an order today for an injunction against the Consumer Financial Protection Bureau’s Section 1071 final rule. The injunction, which came at the request of the American Bankers Association, the Texas Bankers Association and McAllen, Texas-based Rio Bank, is ONLY for member banks of the ABA and/or TBA. Although both trade associations asked for the injunction …
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July 31, 2023
July 2023 OBA Legal Briefs
Appraisal bias – Part II Reconsideration of value 1071 – Small Business Lending Rule, Basics Appraisal bias – Part II By Andy Zavoina In March 2021 HUD approved a settlement between JPMorgan Chase and an African American woman over appraisal bias. There was no admission of fault on Chase’s side, but the bank agreed to pay the woman $50,000, …