Oklahoma Bankers Association We make bankers better!
In This Issue… Bank economists expect credit conditions to weaken OCC releases bank supervision operation plan OBA Oktoberfest Golf Tournament set for Oct. 24 OBA education corner … Bank economists expect credit conditions to weaken Bank economists expect credit conditions to weaken over the next six months due to mounting economic headwinds, according to the American Bankers Association’s latest Credit …
October 2022
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October 7, 2022
Executive News: Washington Visit positive for Oklahoma banks
It’s been almost three years, but it felt great to get the band back together. At the end of September, more than 60 Oklahoma bankers descended on Washington, D.C., for our Annual Washington Visit. It’s been two years since we last took a group to D.C. and I’ll say we definitely made up for lost time. While there were lots …
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October 7, 2022
Survey finds customers happy with banks
Nine in 10 Americans with a bank account (86%) say they are “very satisfied” or “satisfied” with their primary bank, and 95% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey, unveiled early this month at the start of ABA’s …
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October 4, 2022
Week of Oct. 3
In This Issue… ABA elects officers, board for 2022-23 OBA Oktoberfest Golf Tournament set for Oct. 24 OBA education corner … ABA elects officers, board for 2022-23 AUSTIN, Texas — Members attending the American Bankers Association’s annual convention in Austin, Texas, have elected new ABA officers and directors to serve on ABA’s board for the 2022-2023 association year. The new …
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October 3, 2022
Federal Reserve governor lauds banks for resilience
During an industry event last week, Federal Reserve Gov. Michelle Bowman praised banks for their recent examples of resilience during the pandemic, and how recent supervision and regulation have contributed to a “safer, stronger, better capitalized” banking system. Bowman’s comments primarily focused on what she called the Fed’s “incremental approach to ongoing refinements” in supervision and regulation and the critical …
September 2022
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September 27, 2022
Week of Sept. 26
In This Issue… OBA heads to annual Washington Visit CFPB looks for feedback on mortgage, refinancing products OBA education corner … OBA heads to annual Washington Visit A group of bankers and OBA staffers descended on Washington, D.C. this week for the the annual OBA Washington Visit. While there, the OBA representative will meet with various regulatory agencies, elected officials …
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September 26, 2022
Bank CEOs: Financial institutions ready for economic headwinds
The CEOs of the nation’s seven largest retail banks testified before the House Financial Services Committee last week in a hearing that touched on a wide range of topics, although high inflation and the Federal Reserve’s decision to once again raise the federal funds rate loomed large. During the six-and-a-half hour hearing, the executives fielded questions ranging from mortgage practices …
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September 21, 2022
OBA hosts candidate forum
OKLAHOMA CITY — The Oklahoma Bankers Association hosted 16 candidates who will be on statewide ballots in November, including three gubernatorial opponents, at a forum during its monthly board meeting on Wednesday. The forum, which took place in the OBA’s Harris Event Center in Oklahoma City, was highlighted by the appearance of Gov. Kevin Stitt, and his Democratic opponent in …
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September 20, 2022
Week of Sept. 19
In This Issue… Legislators introduce House version of Durbin-Marshall bill Fed expected to get tougher on inflation OBA Oktoberfest Golf Tournament set for Oct. 24 OBA education corner … Legislators introduce House version of Durbin-Marshall bill Reps. Peter Welch (D-Vt.) and Lance Gooden (R-Texas) introduced on Monday a companion bill to the Credit Card Competition Act of 2022, a bill …
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September 19, 2022
September 2022 OBA Legal Briefs
Concerns about overdrafts and fees grow (Part 1) Repossessions and the SCRA Concerns about overdrafts and fees grow — Part 1 By John S. Burnett Regulators have run hot and cold on the topics of overdraft programs and associated fees for well over a decade. A few landmark issuances along that rocky road were: The 2005 Interagency Joint Guidance on …