Oklahoma Bankers Association We make bankers better!
The Consumer Financial Protection Bureau has published on its website a list of frequently asked questions about compliance with its recently finalized Section 1071 small business lending rule. The document covers topics such as which institutions are covered by the rule and what transactions they must count when determining whether they satisfy the origination threshold.
July 2023
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July 12, 2023
‘Durbin 2.0’ rears head again within Congress
The Credit Card Competition Act has returned to Congress. This same legislation was introduced late last year and the supporters of this measure tried feverishly to get it passed in the last couple of days during the 117th Congress. We greatly appreciate all the members who stood strong for community banks and opposed this measure at every turn. We have …
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July 11, 2023
Week of July 10
In This Issue… Oklahoma Bankers Hall of Fame accepting nominations for 2023; election procedure update CFPB publishes FAQ on Section 1071 compliance OBA Emerging Leaders Academy accepting applications OBA education corner … Oklahoma Bankers Hall of Fame accepting nominations for 2023; election procedure update The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2023 class; additionally, …
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July 6, 2023
OHFA seeks public input on Oklahoma Housing Stability Program
The Oklahoma Housing Stability Program was created by the Oklahoma legislature earlier this year. The purpose of the program is to increase the number of single-family residences available for purchase across the State of Oklahoma for families with incomes up to $120% of the AMI, provide gap financing to aid and incentivize the production of rental housing across the state …
June 2023
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June 30, 2023
USDA Rural Development
USDA Guarantee Loans – Business and Industry CONTACT INFORMATION: Contact: Amy Cowley 100 USDA, Ste 108 Stillwater, OK 74074 Phone: (405) 742-1060 Email: amy.cowley@usda.gov Website: http://www.rd.usda.gov/ok
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June 28, 2023
OBA Emerging Leaders Academy accepting applications
Take note the OBA 2023-24 Emerging Leaders Academy is currently accepting applications. We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around you …
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June 27, 2023
Week of June 26
In This Issue… Agencies release list of distressed, underserved non-metropolitan middle-income geographies ABA seeks nominations for 2023 Emerging Leaders Awards 2023 OBA Directory of Banks available for purchase OBA education corner … Agencies release list of distressed, underserved non-metropolitan middle-income geographies Federal bank regulatory agencies last week made available the 2023 list of distressed or underserved non-metropolitan middle-income geographies, which …
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June 20, 2023
Week of June 19
In This Issue… CFPB looks to simplify mortgage servicing rules OBA Emerging Leaders Academy accepting applications OBA education corner … CFPB looks to simplify mortgage servicing rules Consumer Financial Protection Bureau Director Rohit Chopra said last week the agency will soon propose ways to simplify and streamline mortgage servicing rules, pointing to temporary changes that sought to protect borrowers during …
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June 19, 2023
FDIC updates guidance on multiple re-presentment NSF fees
The FDIC has updated its Supervisory Guidance on Multiple Re-Presentment NSF Fees to clarify its supervisory approach for action when a law is violated. Since the issuance of the Supervisory Guidance on Multiple Re-Presentment NSF Fees, steps financial institutions have taken to remediate consumer harm associated with re-presentment fees have provided the FDIC with additional data about the amount of …
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June 16, 2023
Oklahoma Housing Stability Program bill passes
During the last week of the state legislative session, both the House and Senate passed HB 1031, which became law earlier this month. HB 1031 creates the Oklahoma Housing Stability Program. The purpose of the program is to increase the number of single-family residences available for purchase across the State of Oklahoma for families with incomes up to $120% of …