Oklahoma Bankers Association We make bankers better!
We have all survived the June 28 primaries and the last-minute onslaught of television ads as well as dreading the mail every day knowing it will be full of political pushcards. Don’t get too comfortable – We have numerous run-off elections that will be held on Tuesday, Aug. 23. While there won’t be as many races on Aug. 23, there …
July 2022
-
July 12, 2022
Oklahoma becomes title-holding state
Effective July 1, Oklahoma became a title-holding state. The Oklahoma Tax Commission on June 7 sent the OBA the below “MEMO” with information. The OTC held several training sessions during the past month, to help bankers and others get acclimated to the changes. We have slides and videos related to these sessions, available on the front page of OBA.com. MEMO …
-
July 12, 2022
OCC: Banks ready for economy issues
Banks’ financial conditions are strong and they continue to be ready to “deal with the economic headwinds arising from geopolitical events, higher interest rates and increased inflation,” according to the OCC’s Semiannual Risk Perspective report for spring 2022 issued late last month. The report addresses key topics facing banks, focusing on those that pose threats to safety and soundness and …
-
July 12, 2022
Week of July 11
In This Issue… Kansas City Fed president cautions on changing rates Oklahoma Bankers Hall of Fame nominations deadline this week Convention dates, location set for 2023! OBA salary compensation survey deadline this week; special pricing continues for OBA calendar OBA education corner … Kansas City Fed president cautions on changing rates Federal Reserve Bank of Kansas City President Esther George …
-
July 11, 2022
OCC: Banks ready for economy issues
Banks’ financial conditions are strong and they continue to be ready to “deal with the economic headwinds arising from geopolitical events, higher interest rates and increased inflation,” according to the OCC’s Semiannual Risk Perspective report (.pdf) for spring 2022 issued late last month. The report addresses key topics facing banks, focusing on those that pose threats to safety and soundness …
-
July 6, 2022
Debit, credit cards still king among payment methods
Debit and credit card transactions continue to lead the way in payments transactions over digital payments alternatives, according to recent research published by J.D. Power. Across all age groups of U.S. consumers in the last three months, 32% turned to their debit card most frequently to pay and 28% used their credit card. Trailing behind cards were ATM withdrawals (12%), …
-
July 5, 2022
Week of July 4
In This Issue… Basel releases second consultation on regulatory treatment of cryptoassets Annual Washington Visit set for Oklahoma bankers OBA Emerging Leaders Academy now accepting applications OBA education corner … Basel releases second consultation on regulatory treatment of cryptoassets The Basel Committee on Banking Supervision issued its second consultation on the regulatory treatment of digital assets, including cryptocurrencies, on June …
June 2022
-
June 30, 2022
Oklahoma becomes title-holding state Friday: more information for lienholders on new title-holding rules
As we’ve noted in previous Oklahoma Banker Directs, Oklahoma will become a title-holding state starting Friday, July 1. We wanted to take the opportunity to send out information we had sent out previously just to make sure our bankers are prepared for this change. Below are links to the slides of the presentations from the OTC concerning the change, as …
-
June 28, 2022
Week of June 27
In This Issue… OBA, ABA, state bankers associations send letter to financial regulators about freedom with business decisions Last opportunity for lienholder training before July 1 Conference of State Bank Supervisors names new president/CEO OBA brings back salary compensation survey Oklahoma Bankers Hall of Fame taking nominations for 2022 inductees OBA education corner … OBA, ABA, state bankers associations send …
-
June 24, 2022
CFPB to target credit card fees
CFPB Director Rohit Chopra earlier this week announced an advance notice of proposed rulemaking focusing on credit card late fees. The ANPR reopens a rule that the Federal Reserve Board enacted in 2010 that provides banks with a safe harbor on the amount they can charge when a cardholder pays late and which provided for annual adjustments based on inflation. …