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January 2022
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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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December 2021
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December 23, 2021
Merry Christmas, happy holidays from OBA!
The OBA staff wishes you and yours a merry Christmas and happy holiday season! Adrian Beverage | Joan Anderson | Jeremy Cowen | Elaine Dodd | Kathryn Donovan | Judy Hanna | Lea Ann Jackson | Debbie Leake-Morris | Megan McGuire | Nancy McKinnis | Payton Moody | Thi Pham | Janis Reeser | Niki Taylor | Sheila Wyatt
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December 16, 2021
Small business optimism index increases in November
In November, the NFIB Small Business Optimism Index rose 0.2 points to 98.4. The Uncertainty Index fell 4 points to 63 points. Business owners intend to generate new employment at a seasonally adjusted net 25.0%, down 1 point from the previous month. The percentage of business owners who believe now is a favorable time to expand remained unchanged from the …
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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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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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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.