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OBA News
The Latest
September 2022
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September 8, 2022
OCC to lower assessments
The Office of the Comptroller of the Currency will lower assessments in 2023 as part of an effort to close the pricing differential between state and federal charter assessments, Acting Comptroller of the Currency Michael Hsu said last week during remarks to the Texas Bankers Association. Effective in March, the agency will make a 40% reduction in assessments for a …
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August 2022
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August 30, 2022
Fed to continue pursuing ‘restrictive policy’ to combat inflation
A recent easing in the rate of inflation hasn’t been enough to convince the Federal Reserve to reverse course on raising interest rates, with the Federal Open Market Committee likely to pursue a “restrictive policy stance for some time,” Fed Chair Jerome Powell said at a Jackson Hole, Wyoming, monetary policy conference last week. While higher interest rates and a …
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August 24, 2022
‘Banks are safe’ PSAs available from OBA
The Oklahoma Bankers Association has created “Banks are safe” public service announcements for its member banks ready for display at the bank or for insertions into local newspapers. These ads and – available at no cost to member banks – echo the Association’s successful “Nothing’s Safer Than Money In The Bank” public relations campaigns from the past two decades. “With …
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August 12, 2022
CFPB warns non-bank financial businesses about data security
The Consumer Financial Protection Bureau published a circular on Aug. 10 explaining that non-bank financial firms – such as fintech companies and credit reporting agencies – may violate the Consumer Financial Protection Act’s prohibition on “unfair acts or practices” if they fail to protect sensitive consumer financial information. The circular notes that insufficient data protection may also violate the Gramm-Leach-Bliley …
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August 10, 2022
OBA partners with ABA, CUNA, other state bankers associations to oppose credit card routing mandates
In a letter sent to the entire House and Senate, a coalition made up of 51 state bankers associations and state credit union associations and leagues from across the country joined the American Bankers Association and Credit Union National Association in strongly urging lawmakers to oppose Sen. Roger Marshall’s and Sen. Dick Durbin’s deeply flawed “Credit Card Competition Act of …
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Jeremy Cowen, Senior Vice President/Communications
Email: jeremy@oba.com | Phone: Ext. 113
Jeremy has been in charge of the Oklahoma Banker newspaper as well as the OBA website and other member communications since joining the OBA in January 2002. A native of Hartshorne and a 1997 graduate of the University of Oklahoma, he enjoys meeting and talking with the different people he encounters while doing his job. Previously, Jeremy worked as a sports writer in Lawton and, for the four years prior to joining the OBA, Lubbock, Texas, where he decided the town wasn’t big enough for both him and Bobby Knight. When not working, Jeremy loves to hike, read, watch football, baseball and boxing and teach journalism to high school and college students. And, if you ask, there’s a good chance he will regale you with the story about being interviewed on ESPN by Chris Fowler.