Tuesday, December 1, 2020

Week of July 16

In This Issue…

CRA reform: We’re still needing your help, please!
Regulatory agenda to be next on the to-do list
OBA seminars scheduled on banking marijuana-related businesses
2019 OBA convention set: save the dates!
OBA education corner …

CRA reform: We’re still needing your help, please!

We still need your help!

Federal banking regulators are ready to begin the process of making revisions to the Community Reinvestment Act (CRA) and the way they approach compliance with the it. But they need to hear what specifics are most important from your perspective.

What we’re asking of you is to take a very brief (one-page) survey and tell us about the specifics for your bank and its efforts to meet its compliance requirements. The regulators would really like to hear from you about real-life examples about why the Act needs substantial revision.

Community groups and a number of progressives in Congress have made this idea – revising the CRA – as one of the top issues to oppose. Along with the HMDA requirements and the limited exemption contained in S. 2155, these folks are girding for battle and we are asking you and all bankers to help us help you.

PLEASE! Click here to take the short survey.

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Regulatory agenda to be next on the t0-do list

Now that S. 2155 has been signed into law, some have asked what may lie ahead. The simple answer is, “a lot!”

“One-third of (S. 2155) was self-executing,” OBA President Roger Beverage said. “That means two-thirds remains to be done in the regulatory space, and that’s what we’re getting ready to attack.

“We’re going to have to be asking for data from member banks as we move on to the next battles,” Beverage said. “That’s particularly true with respect to working on the new minimum capital requirement piece of (S. 2155) and doing all we can to make sure it’s set at 8 percent, not 10 or even 9.”

Among the other issues on the “to-do” list for bankers are the following:

  • BSA/AML revisions and reforms.
  • Marijuana banking-related issues.
  • CECL implementation.
  • CRA Modernization.
  • Data Security.
  • Credit union taxation.
  • Farm Credit System competition.
  • GSE Reform.
  • New mortgage ability to repay and TRID regulations.
  • Payment system issues.
  • Fair lending.
  • FinTECH developments and regulatory changes (activities rather than charters); and
  • Cyber Security.

“We are taking the long view of the environment for banking,” Beverage said. “We are working furiously with our colleagues in the other 49 states and the ABA and ICBA to make certain consumer groups do not overwhelm the conversation with regulators as we make an effort to develop a much more reasonable system. And make no mistake – we need YOUR HELP!”

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OBA seminars scheduled on banking marijuana-related businesses

Register today for the OBA’s initial seminars addressing bankers concerns over the recent legalization of medical marijuana.

Preliminary Considerations for Banking Marijuana-Related Businesses” will take place on Aug. 7 in Oklahoma City and Aug. 8 in Tulsa.

Click here for more information and to register for the Oklahoma City seminar. Click here for more information and to register for the Tulsa Seminar.

There is much that is not yet known, but you can begin to evaluate the risks and rewards and compliance obligations of providing services to marijuana-related businesses (or find out how to steer clear of doing so). Attend this seminar to get up to speed on what we know now.

Contact the OBA for any information!

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2019 OBA convention set: save the dates!

We’re happy to announce we’ve already set the dates and location for the 2019 OBA Annual Convention!

Mark your calendar for the OBA’s Annual Meeting and Convention to be held at
the new HILTON GARDEN INN AND CONFERENCE CENTER IN EDMOND!

2019 OBA Annual Meeting and Convention
Hilton Garden Inn and Conference Center, Edmond
May 20-22, 2019

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OBA education corner …

Summer is upon us and the beach and mountains are calling many of our names! If, however, more work-related pursuits are your idea of taking advantage of these months of the calendar, the OBA has you covered! Take note of the following:

  • ACH Origination for Lenders and Cash Management, July 24, webinar — In this session we will explain why you need to be compliant with the ACH Rules and the ramifications if you are not.
  • Developing a Strong Enterprise-Wide Risk Assessment for Your ERM Program, July 24, webinar — This webinar will take you through a step-by-step process to develop Risk Assessments to address key areas of your institution.
  • Audit Report Writing, July 26, webinar — This highly specialized webinar offers a deep and useful toolbox of techniques that auditors can use when noting audit observations, drafting objective work papers, and composing well-structured, detailed and fluent audit reports.
  • New SAR Line By Line, July 26, webinar — FinCEN has issued a notice to e-filers that announces an update to the Suspicious Activity Report filing format, to go live in June 2018. This webinar will help.
  • Lending to Churches & Other Religious Institutions, July 27, webinar — This course will cover the major church lending risks and discusses how a bank can prudently manage these risks by exposing participants to the appropriate methods of analyzing and lending to religious organizations.
  • Untangling the Web of Fee Disclosures, July 30, webinar — This webinar will help you untangle the intricacies of numerous fee disclosure requirements.
  • CRE Appraisals: Appraisal Components, Approaches to Value and Cap Rates, July 31, webinar — Fundamental principles and features and CRE appraisals are covered.
  • 2018 CECL Update, Aug. 22, Oklahoma City — This half-day seminar will touch on what’s new involving CECL.
  • 2018 FDIC Outreach, Aug. 23, Oklahoma City — This full-day seminar will have information from the FDIC.
  • Supervisor Boot Camp, Sept. 5-6, Oklahoma City — This two-day program is exactly what you are looking for if your bank strives to keep supervisors on the competitive edge! You will work and learn, share and listen and go back eager to implement and make a difference.
  • 2018 OBA Basic Banking School, Sept. 10-13, Oklahoma City — The school is designed to introduce students to basic banking concepts as they relate to the overall functioning of a bank.

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