A “targeted” deposit insurance system in which additional coverage would be extended to business payment accounts would be the best option for balancing financial stability and depositor protection relative to its costs, the FDIC said earlier this week in review of the system. The review, prompted by recent bank failures, considered three options for reforming the Deposit Insurance Fund: The limited …
May 2023
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May 4, 2023
Mobile website available for OBA convention attendees
Be sure to bookmark our dedicated mobile web page for convention, which includes the schedule, exhibit floor plan, sponsors and more at www.oba.com/convention. Those using iPhones can save the page on their home screen like an app by simply hitting the share button at the bottom of the screen (icon at center that looks like a square with an arrow …
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May 2, 2023
April 2023 OBA Legal Briefs
Oklahoma Settlements Involving Minors Act Minor as POD beneficiary Discrimination update: ECOA and FHA Oklahoma Settlements Involving Minors Act of 2022 By Pauli D. Loeffler The Oklahoma Statutory Thresholds for Settlements Involving Minors Act of 2022 (“Minor Settlements Act” or the “Act”) is found in Title 12 of the Oklahoma Statutes and became effective November 1, 2022. For some reason, …
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May 2, 2023
Week of May 1
In This Issue… One week until OBA Convention! FDIC posits ‘targeted’ coverage might be best option for deposit insurance reform Send in your bank family photos! OBA education corner … One week until OBA Convention! The Oklahoma Bankers Association and its member banks constitute a family … and the family is made up of many members. Nearly 200 banks and …
April 2023
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April 28, 2023
OBA, other state associations, ABA tout banking industry to Congress
The U.S. banking system remains the deepest and most resilient in the world, and the diversity of banks serving communities across the country continues to be a source of strength for the nation’s economy, the OBA, the American Bankers Association and 50 other state bankers associations said last week in a letter to congressional leaders. The groups noted that while the …
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April 26, 2023
Goodwin Lewis, P.L.L.C
Our firm is known for its tenacity, experience and successful representation in the areas of banking, real estate, mergers and acquisitions, engineering and construction, trusts and energy. We provide innovative and cost-effective counsel to financial institutions, including litigation, receiverships, commercial loan documentation and creditor-side bankruptcy representation. CONTACT INFORMATION: Contact: Kyle W. Goodwin or Billy Lewis 420 NW 6th Street, 2nd …
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April 25, 2023
Week of April 24
In This Issue… OBA Convention room cutoff deadline this week! OBA, other state associations, ABA tout banking industry to Congress Send in your bank family photos! OBA education corner … OBA Convention room cutoff deadline this week! The cutoff for reserving a room in the OBA’s room block at convention next month has been extended to Friday, April 28. The …
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April 21, 2023
2023 OBA Directory of Banks available for purchase
The 2023 OBA Directory of Banks is now ready to buy! This essential reference includes financial data, important information about all Oklahoma banks, savings and loans, savings banks and holding companies, key personnel by function and title, answers to rules and regulations, legislators, state and national agencies, courthouses, fast-find index, and much more! Each Directory is $40 per copy for OBA-member bankers, …
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April 18, 2023
Week of April 17
In This Issue… We are family: OBA Convention open for registration SBA issues final rule, stops 7(a) lender moratorium 2023 OBA Directory of Banks available for purchase OBA education corner … We are family: OBA Convention open for registration The Oklahoma Bankers Association and its member banks constitute a family … and the family is made up of many members. …
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April 17, 2023
Guide for 2023 HMDA reporting now available to download.
The Federal Financial Institutions Examination Council’s 2023 guide reflects an amendment to the 2020 HMDA rule to make adjustments to loan volume thresholds which are effective Jan. 1, 2023; it is imperative to HMDA reporting. This guide focuses on HDMA data submitted due by March 1, 2024, please click here for more information.