Oklahoma Bankers Association We make bankers better!
In This Issue… OBA taking donations for tornado victims OCC nominee withdraws from consideration OBA education corner … OBA taking donations for tornado victims Last week, Kentucky suffered severe tornado damage, the worst in state history. The primary tornado was tracked as being on ground for more than 200 miles, impacting at least 19 counties and four other states. Banks …
December 2021
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December 9, 2021
Supervisory Highlights Report Flags Mortgage Servicing, Fair Lending Issue
The Consumer Financial Protection Bureau (CFPB) today released a “Supervisory Highlights” report concentrating on examiner observations of different financial products from January to June 2021. Credit card account management, debt collection, deposits, fair lending, mortgage servicing, payday lending, prepaid accounts, and remittance transfers are among the areas where problems were discovered, according to the bureau. To read the full report, …
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December 7, 2021
Week of Dec. 6
In This Issue… Compliance Alliance offers demo days, complimentary access, exclusively for OBA members Thank you to 2021 Oklahoma Bankers Hall of Fame sponsors! OBA welcomes new strategic member OBA education corner … Compliance Alliance offers demo days, complimentary access, exclusively for OBA members Compliance Alliance is offering demo days for OBA members, allowing complimentary 48-hour trials of the service. …
November 2021
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November 30, 2021
PPP loans prompt state-level employment growth
The Federal Reserve Bank of Cleveland determined in a new study brief this week that Paycheck Protection Program loans served to reduce the effects of the pandemic-related recession on state-level employment growth and had “substantial” advantages overall. Researchers discovered that providing one additional week of payroll support through PPP loans during the first round of PPP lending “would have minimized …
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November 30, 2021
Week of Nov. 29
In This Issue… Banks stay strong as banking system conditions improved in 2021 2021 Oklahoma Bankers Hall of Fame induction ceremony set for Thursday OBA education corner … Banks stay strong as banking system conditions improved in 2021 The banking system’s financial situation remained improved in the first half of 2021, according to the Federal Reserve’s latest supervision and regulation …
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November 23, 2021
Week of Nov. 22
In This Issue… State banking board approves reduction in 2022 assessments OBA offices closed Thursday, Friday this week OBA education corner … State banking board approves reduction in 2022 assessments The Oklahoma State Banking Board voted at its November meeting unanimously to reduce the assessments paid by Oklahoma state-chartered banks. The 2022 assessment rate was discounted 40% for each bank …
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November 22, 2021
November 2021 OBA Legal Briefs
Don’t ignore the FDCPA regulation coming November 30 (Part 1) New Stuff on Legal Links Don’t ignore the FDCPA regulations By John S. Burnett The Consumer Financial Protection Bureau’s revisions to Regulation F become effective on November 30, 2021, less than a month from now. While on their face the rules in Reg F will apply to debt collectors who …
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November 19, 2021
Executive News: Bankers’ Night Out events wrap up autumn season
The first week of this month, we wrapped up our fall Bankers’ Night Out events. We traveled to six different locations across the state and were able to visit with more than 700 bankers. Thanks goes to Miles Pringle with The Bankers Bank, who joined us to talk about everything bitcoin and digital currency. Along with Miles, we covered a …
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November 18, 2021
IRS reporting issue not part of initial budget framework
The Biden Administration and House leaders released the framework and legislative text of the Build Back Better plan in late October, and the package does not contain any language on the tax information reporting proposal opposed by the ABA, OBA and other state bankers associations. Please note, however, the release of the framework and text is only a part of …
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November 18, 2021
80% of borrowers expected to be profitable in 2021 according to Ag Lender Survey
According to the Fall 2021 Agricultural Lender Survey report produced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, better known as Farmer Mac, agricultural lenders expect 80% of their borrowers to be profitable in 2021, with 70% profitable through 2022. The majority of ag lenders (69.7%) said overall farm profitability grew in the previous year for …