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The Consumer Financial Protection Bureau has announced the 2024 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act. For open-end consumer credit plans under TILA, the threshold that triggers requirements to disclose minimum interest charges will remain unchanged at $1 in 2024. For Home Ownership and Equity Protection Act loans, the adjusted …
September 2023
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September 19, 2023
Week of Sept. 18
In This Issue… From Adrian’s desk … CFPB sets annual Truth in Lending adjustments Treasury Department sets net-zero principles for banks 2024 Oklahoma Views & Vistas Calendar order deadline today OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our bankers this week! • …
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September 15, 2023
OBA schedules Oktoberfest Golf Tournament
Show off your golfing skills or simply join your banking peers as a social registrant at the 2023 OBA Oktoberfest Golf Tournament on Oct. 23 at River Oaks Golf Club in Edmond. The tournament fee is $150 and the registration deadline is Oct. 20. The tournament will begin with registration and lunch. Immediately following the tournament, we will hold an …
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September 15, 2023
Injunction granted against CFPB on Sec. 1071
The U.S. District Court for the Eastern District of Kentucky granted a motion for injunction against the Consumer Financial Protection Bureau on Thursday evening, stopping the CFPB from enforcing its small business data collection rule (Sec. 1071). The Order from the Court reads, “The Consumer Financial Protection Bureau is ENJOINED from enforcing the Small Business Lending Rule until the Supreme …
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September 13, 2023
GSB-Wisconsin sets autumn 2023 seminar schedule
GSB-Wisconsin has set its list of programs for the fall 2023 months. Click here for more info.
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September 13, 2023
Bank Performance Report now available through OBA
The OBA has entered a co-branding agreement with Kentucky Bankers Association for a quarterly banking publication called Bank Performance Report. BPR currently has 350 bank subscribers from across the country. This report is in electronic and/or printed format utilizing data from the quarterly FFIEC Call Reports, from which the BPR ranks overall performance of each bank headquartered in that state. …
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September 12, 2023
Week of Sept. 11
In This Issue… From Adrian’s desk … Legislative Office of Fiscal Transparency meeting set for Sept. 20 Bank Performance Report now available through OBA Applications still being taken for OBA Emerging Leaders Academy — deadline Friday! OBA schedules Oktoberfest Golf Tournament OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits …
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September 9, 2023
Judge rules against CFPB in UDAAP exam manual lawsuit
A U.S. district judge ruled today the Consumer Financial Protection Bureau’s update to its Supervision and Examination Manual is unlawful. Judge J. Campbell Barker, of the Eastern District of Texas, agreed with plaintiffs and issued a summary judgment stating the CFPB’s March 2022 update to the manual exceeds the Bureau’s statutory authority and is based on unconstitutional funding. The lawsuit …
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September 5, 2023
FHFA releases statistics, homeowners’ equity status high
The Federal Housing Finance Agency published insight into homeowners’ equity status, which remains high. According to these statistics, negative equity is at its lowest in the past decade. While high-equity mortgages have been consistent recently, mortgages with equity of more than or equal to 30% have risen from 46.1% in the first quarter of 2013 to a 10-year high of …
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September 5, 2023
Week of Sept. 4
In This Issue… From Adrian’s desk … Report: FDIC needs to improve threat information sharing with banks Agencies propose guidance to enhance resolution planning at large banks, invites comments OBA Washington Visit ready for you to register – deadline Monday! 2024 Oklahoma Views & Vistas Calendar order deadline approaching OBA education corner … From Adrian’s desk … By Adrian Beverage …