Oklahoma Bankers Association We make bankers better!
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 …
September 2023
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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 …
August 2023
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August 31, 2023
Fraud information, odds and ends …
Labor Day is close at hand … however, let’s talk about a few fraud trends and some training opportunities because we all know fraudsters capitalize on long weekends. Bankers are reporting seeing IRS and SSA wires, purportedly refunds and SSI payments, in large dollar amounts. Often starting as romance scams, these are being detected and returned by our savvy bankers. …
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August 29, 2023
Week of Aug. 28
In This Issue… From Adrian’s desk … Fraud information … odds and ends Treasury Department, IRS offer digital asset regulations Oklahoma Bankers Hall of Fame accepting nominations – deadline Thursday! 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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August 24, 2023
FDIC publishes 2023 Risk Review
The FDIC last week published its 2023 Risk Review. The report summarizes conditions in the U.S. economy, financial markets and banking industry. The 2023 Risk Review provides a comprehensive summary of key developments and risks in the U.S. banking system, as in prior reports, and includes a new section focused on crypto-asset risk. The report focuses on the effects of key …
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August 24, 2023
Executive News: August recess leaves time to ponder Hill happenings
We’ve finally reached Aug. 1 and it means two things: The kids are about ready to go back to school and Congress is headed home for the month. We’ve finally reached the August recess; this is when legislators have the opportunity to spend an entire month back in their districts. We’ll be seeing a lot of town halls over the …
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August 24, 2023
Oklahoma Bankers Hall of Fame accepting nominations for 2023
The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2023 class; additionally, the process of selecting inductees has been updated. First, for those interested in nominating a banker, here are some downloadable forms on OBA.com – please return all nominations to Adrian Beverage (adrian@oba.com) by Aug. 31. Second, there is a new process for selecting the …
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August 24, 2023
Federal judge halts Section 1071 implementation
A Texas federal judge issued an order on July 31 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 …