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In This Issue… Bloomberg article: Cannabis banking is booming despite federal uncertainty Supreme Court blocks vaccine mandate Bankers at the State Capitol: Register for OBA’s 2022 Contact Banker Program OBA education corner … Bloomberg article: Cannabis banking is booming despite federal uncertainty The Bloomberg news service published a story in its daily newsletter today titled “Cannabis banking is booming despite …
January 2022
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January 17, 2022
Bankers at the State Capitol: Register for OBA’s 2022 Contact Banker Program
We have set the dates for the 2022 Contact Banker Program. Click here to find a sign-up form with the dates listed for this year’s program. We ask you select what dates work best for you and return your form to megan@oba.com. Once we have the groups finalized, we will send an email confirmation of your date. On the date …
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January 13, 2022
Vaccine mandate for large employers blocked by Supreme Court
Earlier this afternoon, the Supreme Court released its opinion to block the OSHA vaccine or test mandate for large employers. The opinion from the Court can be found by clicking here. The mandate would have impacted some 80 million individuals and required employers with 100 or more employees to ensure their employees were fully vaccinated or to undergo regular testing and …
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January 13, 2022
Federal Reserve Bank of Kansas City Releases Fourth Quarter Energy Survey
The Fourth Quarter Energy Survey was released on Jan. 7 by the Federal Reserve Bank of Kansas City. The survey found that energy activity in the Tenth District climbed moderately from a quarter ago and increased further from year-ago levels, according to Chad Wilkerson, Oklahoma City Branch CEO and economist at the Federal Reserve Bank of Kansas City. Future activity …
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January 12, 2022
Primax
Primax provides banks with payment processing services and an expansive array of value-added technology and solutions. Primax’s customizable solutions, including risk management, mobile and online card management, data and analytics, loyalty programs, marketing, strategic consulting, delinquency management and contact center services, help banks profitably grow their portfolios and deliver an unparalleled experience to their accountholders. With a longstanding commitment to …
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January 11, 2022
Week of Jan. 10
In This Issue… CFPB Section 1071 proposal deemed ‘unnecessarily far-reaching’ by ABA Banks notice rise in fraud, associated costs in 2021 Banking school scholarships available OBA education corner … CFPB Section 1071 proposal deemed ‘unnecessarily far-reaching’ by ABA While ABA and state bankers associations support fair lending laws and regulations, they are concerned about the CFPB’s long-awaited proposed rule to …
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January 7, 2022
Banks notice rise in fraud, associated costs in 2021
According to a new survey from LexisNexis Risk Solutions, banks experienced more monthly fraud attacks in 2021 than the previous year. The data determined that the average number of monthly fraud assaults for banks with annual turnover of more than $10 million has climbed from 1,977 to 2,320 since 2020. To read the full report from LexisNexis, click here.
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January 4, 2022
FDIC chairperson announces resignation
FDIC Chairperson Jelena McWilliams announced her resignation today via a letter to President Joe Biden. McWilliams, a Republican, was named the 21st chairperson of the FDIC in June 2018 after being appointed by then-President Donald Trump. Her official departure has been set for Feb. 4, with FDIC board member Martin Gruenberg reported to become acting chairman – his third stint …
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January 4, 2022
December 2021 OBA Legal Briefs
2022 to-dos today New year, new rule—Computer-security incident notification Foreclosure forbearance reminder [Editor’s note: Due to the timeliness of this months articles, Part 2 of last month’s article on the new Fair Debt Collection Practice Act regulation will appear in our January 2022 Legal Briefs.] _________________________________ 2022 to-dos today By Andy Zavoina It is hard to believe that we are …
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January 4, 2022
Week of Jan. 3
In This Issue… Bankers at the State Capitol: Register for OBA’s 2022 Contact Banker Program FDIC chairperson announces resignation OBA offers promotions for upcoming year OBA welcomes new strategic member OBA education corner … Bankers at the State Capitol: Register for OBA’s 2022 Contact Banker Program We have set the dates for the 2022 Contact Banker Program. Click here to …