Wednesday, November 20, 2019

CFPB director to meet with OBA-member banks

(includes updated time)

CFPB Director Kathy Kraninger will make her first visit to Oklahoma City on Nov. 14 to do a number of things, which includes a briefing with OBA-member banks. The meeting will be held at 10:30 a.m. on Thursday, Nov. 14 in the conference room at Valliance Bank, which is located at 1601 NW Expressway, Oklahoma City, OK 73118.

State Banking Commissioner Mick Thompson will introduce the director and help us conduct a meaningful discussion of issues that are important to those banks.

“One of the issues that’s likely to be front and center during the discussion deals with a proposed requirement to collect HMDA-like data on small business loans,” OBA President and CEO Roger Beverage said. “Section 1071 of the Dodd-Frank Act requires the Bureau to implement this new data requirement, and we’ve been articulating to the CFPB and anyone else who will listen that this requirement really can’t be applied to small business loans.

If you plan to attend or have any questions, please notify Adrian Beverage (adrian@oba.com or 405-424-5252) at the OBA.