Oklahoma Banker

October 2023

• October 23, 2023

  Inductees selected for Bankers Hall of Fame

  The 2023 induction class for the Oklahoma Bankers Hall of Fame was unveiled in September. Nevyle Cable, Jim Hamby, Harry Leonard and Ted McGuire will make up the 2023 class and officially be inducted on Dec. 7 at the Oklahoma History Center in Oklahoma City. Nevyle Cable is the longtime president and CEO of First National Bank and Trust Co., …
• October 23, 2023

  SAFER Banking Act, FinCEN provide nice news for banks

  The U.S. Senate Committee on Banking, Housing and Urban Affairs passed the SAFER Banking Act late last month, which protects financial institutions that provide banking and financial services to cannabis-related businesses. The vote marked the first time the Senate, in any form, has voted in favor of either the SAFER Banking Act, or its predecessor, the SAFE Banking Act. While …

September 2023

• September 22, 2023

  Executive News: Budget battles claim focus on Capitol Hill

  We have officially entered the best time of year. Fall will eventually bring us cooler weather, but it’s the fact college football has arrived. With the start of September, every college fan base has aspirations of a great season and hope this will be their year. Well, I wish you all the best of luck because my season has already …
• September 22, 2023

  OBA, other associations, urge delay of Sec. 107

  The Consumer Financial Protection Bureau should extend a court-ordered stay of its Section 1071 final rule to cover all FDIC-insured banks while the U.S. Supreme Court considers a separate legal challenge concerning the bureau, the OBA and 49 other state bankers associations said in a August letter to CFPB Director Rohit Chopra. A federal judge in Texas in late July …

August 2023

• August 24, 2023

  Executive News: August recess leaves time to ponder Hill happenings

  We’ve finally reached Aug. 1 and it means two things: The kids are about ready to go back to school and Congress is headed home for the month. We’ve finally reached the August recess; this is when legislators have the opportunity to spend an entire month back in their districts. We’ll be seeing a lot of town halls over the …
• August 24, 2023

  Oklahoma Bankers Hall of Fame accepting nominations for 2023

  The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2023 class; additionally, the process of selecting inductees has been updated. First, for those interested in nominating a banker, here are some downloadable forms on OBA.com – please return all nominations to Adrian Beverage (adrian@oba.com) by Aug. 31. Second, there is a new process for selecting the …
• August 24, 2023

  Federal judge halts Section 1071 implementation

  A Texas federal judge issued an order on July 31 for an injunction against the Consumer Financial Protection Bureau’s Section 1071 final rule. The injunction, which came at the request of the American Bankers Association, the Texas Bankers Association and McAllen, Texas-based Rio Bank, is ONLY for member banks of the ABA and/or TBA. Although both trade associations asked for …

July 2023

• July 12, 2023

  Executive News: FDIC guidance caused heartburn for community banks

  Summer is officially here and the temperature outside is heating up. The same can be said for what’s happening in Washington, D.C., but for now, all the heat is coming from the regulatory side and some action in congressional hearings. In August, you might recall th e FDIC issued a Supervisory Guidance on Multiple Re-Present NSF Fees. The initial guidance …
• July 12, 2023

  ‘Durbin 2.0’ rears head again within Congress

  The Credit Card Competition Act has returned to Congress. This same legislation was introduced late last year and the supporters of this measure tried feverishly to get it passed in the last couple of days during the 117th Congress. We greatly appreciate all the members who stood strong for community banks and opposed this measure at every turn. We have …

June 2023

• June 12, 2023

  Executive News: No bow tied on 2023 legislative session yet

  We have finally reached June and you know what that means: The Oklahoma legislature has gone home and we can all enjoy the summer. Unfortuna tely, it isn’t the case this year. The regular session did adjourn on May 26, but the special session has yet to adjourn. Early in May, the legislature started a special session to run concurrently …