CFPB to consider exemptions for smaller banks
January 26, 2012
The Consumer Financial Protection Bureau will explore the possibility of exempting smaller banks from some of its rules, CFPB Director Richard Cordray told a House Oversight and Government Reform subcommittee on Jan. 24.
Cordray said the bureau may consider setting a minimum asset size to exclude community banks from new rules, and he added that the agency also will analyze how its rules would affect banks with fewer than $10 billion in assets.
You can read Cordray's prepared testimony by clicking here.
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Sign up for the OBA's Contact Banker series
Sign up today as a 2012 OBA Contact Banker. Plan to spend one Tuesday during the 2012 Legislative Session at the Capitol in Oklahoma City. We'll observe committees meeting, we'll watch the House and Senate in their daily session, visit with your legislators, and to wrap up the day, the OBA will take everyone to lunch. Click here (.pdf) for the commitment form to fill out and fax back.
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OBA 2012 banking schools scheduled
The popular OBA banking schools now have their 2012 sessions set.
- Intermediate School — Feb. 6-10 (session I); June 4-8 (session II)
- Commercial Lending School — March 4-9
- Branch Manager School — March 26-28
- Compliance School — Aug. 20-24
- Basic Banking School — Sept. 10-14
- Consumer Lending School — Oct. 1-5
- Operations School — Nov. 12-16
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Senior management conference set for April
If you work for a community bank or are looking for ways to improve your bank's performance, then this year's Community Bankers Leadership and Senior Management Conference is a perfect fit! Schedule for April 1-3 in Las Vegas, Nev., take the opportunity to get registered today. Click here (.pdf) for more information.
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These are the statutes that affect the daily business of banking.