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Medical marijuana state question 788 and banking issues Editor’s note: This month’s Legal Briefs section has been ceded to one of the OBA’s strategic partners, McAfee & Taft, to allow their insight on medical marijuana and the resulting banking issues. As a disclaimer, however, the following does not necessarily reflect the views or advice of the OBA, its legal department …
November 2019
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November 25, 2019
Week of Nov. 25
In This Issue… OBA offices closed Thursday, Friday for Thanksgiving House committeee approves bill to decriminalize marijuana FDIC, OCC propose rules to codify ‘valid-when-made’ principle Proposed rule codifies statement of policy on employing individuals with criminal backgrounds OBA education corner …
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November 20, 2019
Poll: Young Americans still enjoy going to bank
According to a new poll shared by CNN Business, more than 70 percent of millennial and post-millennial customers still regularly visit a brick-and-mortar location bank, instead of relying solely on digital banking methods. Seventy-two percent of GenZ consumers visit a physical bank branch at least monthly, the highest of any age group, according to a study of 1,000 consumers by …
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November 19, 2019
Week of Nov. 18
In This Issue… Bankers asked to contact lawmakers in support of Farm Credit Fairness Bill Oklahoma Bankers Hall of Fame ceremony set for Dec. 5 Webinar upcoming on state’s new Mobile ID Program OBA education corner …
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November 12, 2019
Week of Nov. 11
In This Issue… OBA comments on Fed real-time payments initiative Interagency webinar to address community bank leverage ratio Nondeductible portion of OBA dues calculated OBA education corner …
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November 11, 2019
OBA’s Beverage in The Oklahoman: Oklahoma banking remains “strong”
OBA President and CEO Roger Beverage was quoted prominently in a story in the Sunday, Nov. 10 edition of The Oklahoman, discussing Oklahoma banking. The story focused on how banks in the state have adapted – and generally remained strong – with the increased regulations stemming from the 2010 Dodd-Frank Act. You can read the entire story on The Oklahoman’s …
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November 7, 2019
CFPB director to meet with OBA-member banks
(includes updated time) CFPB Director Kathy Kraninger will make her first visit to Oklahoma City on Nov. 14 to do a number of things, which includes a briefing with OBA-member banks. The meeting will be held at 10:30 a.m. on Thursday, Nov. 14 in the conference room at Valliance Bank, which is located at 1601 NW Expressway, Oklahoma City, OK …
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November 5, 2019
Week of Nov. 4
In This Issue… CFPB director to meet with OBA-member banks CFPB to host symposium on Sec. 1071 of Dodd-Frank Federal regulators release compliance guide for CBLR Gender diversity is hot topic OBA hosting meet-and-greet with Rep. Mullin on Friday OBA education corner …
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November 1, 2019
OBA hosting meet-and-greet with Rep. Mullin
The OBA is hosting a meet-and-greet with Rep. Markwayne Mullin from 11:30 a.m.-12:15 p.m. on Nov. 8 at the OBA offices in Oklahoma City. All bankers and any guests they would like to bring are invited. No RSVP is necessary, but if you have any questions, please contact Adrian Beverage (adrian@oba.com) at the OBA.
October 2019
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October 30, 2019
USDA issues interim final rule on hemp production
(Information courtesy of ABA) The U.S. Department of Agriculture on Tuesday issued an interim final rule establishing new regulations and procedures for the legal production of industrial hemp, as required by the 2018 Farm Bill. The Farm Bill reclassified hemp as a legal agricultural commodity, but questions remained, including those related to banks’ ability to serve hemp producers and hemp-related …