Thursday, September 23, 2021

Week of Sept. 13

In This Issue…

Senate members introduce bill to block IRS bank reporting requirements

The Tax Gap Reform and Internal Revenue Service Enforcement Act, introduced today by Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and House Ways and Means Committee Ranking Member Kevin Brady (R-Texas), would prevent the IRS from establishing new bank reporting requirements, among other things.

The bill would also require the IRS to update tax gap estimates every year in collaboration with the Joint Committee on Taxation, limit the IRS’ ability to increase audits of specific taxpayers, require the IRS to use existing data and tools to improve its audit selection process and increase enforcement against high-income non-filers, and establish a fellowship pilot program to help with the agency’s most difficult cases.

A recent article in the OBA’s OK Banker Direct delves more into this subject. You can read it by clicking here.

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2022 OBA Speaker Proposal forms due Oct. 20

Do you have experience with public speaking? Share your knowledge with Oklahoma bankers at two upcoming OBA events: the OBA Senior Management Forum and the OBA Annual Convention. These annual events offer a nice mix of educational sessions along with social and networking activities.

Click here for full details and to fill out speaker proposals forms. For more information, please contact Janis Reeser at (405) 424-5252 or janisr@oba.com.

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OBA Emerging Leaders Academy application deadline is Friday

Take note the OBA 2021-22 Emerging Leaders Academy is currently accepting applications.

We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around you through non-traditional methods.

The OBA extends an invitation to any employee of a bank that is a member of the OBA to apply. A panel of bankers will review the applicants and choose those accepted into the Academy (maximum 30 bankers). Participants must attend all sessions to successfully graduate from the program.

There are six sessions to the Academy: Nov. 10, Dec. 9, Jan. 21, Feb. 15, March 25, April 29. Graduation will take place in May 2022 at the OBA Annual Convention.

The deadline to apply is this Friday (Sept. 17).

Click here for full details and the Academy application! Also, for more information, please contact Megan McGuire at (405) 424-5252 or megan@oba.com.

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OBA Bankers’ Night Out programs begin this week in Ardmore

The dates for the OBA Bankers’ Night Out programs have been finalized, with the Ardmore date coming soon. Mark your calendar for the date of the program that’s in your area of the state and plan to attend.

Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative updates, the program will include a discussion on the recent developments in your industry.

As in the past, the schedule for each of these meetings is:

5:30 p.m. – Drinks
6:15 p.m. – Program
7 p.m. – Dinner

PRE-REGISTRATION IS REQUIRED. The cost is $50 per person. Locations and dates for this year’s events are:

  • Ardmore, Sept. 16.
  • Krebs, Sept. 23.
  • Tulsa, Oct. 12.
  • Oklahoma City, Oct. 26.
  • Woodward, Nov. 2.
  • Lawton, Nov. 4.

Click here for a registration form or visit the OBA events calendar to register online for the program in your area.

Please note: We will monitor the state’s COVID climate and send any necessary updates before each event.

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Wednesday is last day to order 2022 Oklahoma Views & Vistas Calendar

The last day to get the 2022 Oklahoma Views & Vista Calendar is Wednesday – order yours by the end of then or miss out on this great advertising opportunity! Orders cannot be accepted after Sept. 15.

This is a great way to share your bank’s logo and information to your customers! Click here for more information and an order form.

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Registration open for ABA Virtual Washington Fly-In

Join your peers and industry leaders from across the country for a virtual meeting with banking regulators and ABA policy experts.

ABA is hosting this year’s Washington Fly-In, in partnership with the OBA and other state bankers associations, to ensure policies critical to the banking industry remain front and center to agency officials and to provide a forum for your questions. There will be an orientation session on Sept. 23 with other meetings scheduled for Sept. 27-29.

Click here for more information and to register.

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OBA education corner …

Fall is approaching, the school year is underway and football season is in full swing. Many things are on the horizon! Take note of the following:

NOTE: Effective March 16, 2020, and until further notice, TTS (our webinar provider) has extended the OnDemand access period for all ‘Live Plus Five (Days)’ registrants to 60 days (versus five business days). Also, they are waiving the $75 per location fee for additional locations.

  • Being Strategic with Base Compensation for Non-Executive Positions, Sept. 21, webinar — What questions should your bank ask about compensation below the CEO and top executives? This session will address pay equity regulations, setting job grades and determining base salary and appropriate raises for employees.
  • ACH Exceptions: What and How to Handle, Sept. 22, webinar — What is an ACH exception and how do you handle it when it occurs? Many exceptions are rare, and you may find yourself second guessing what you should do. Gain a better understanding of exception processing from returns to notifications of changes to DNE and more, plus return reporting requirements.
  • Commercial Construction Lending, Sept. 27, webinar — Construction loans for commercial real estate (CRE) remain a major part of commercial bank lending. Many community banks attempt to use versions of their residential formats and policies to administer commercial construction loans; however, this generally does not adequately control the situation due to several important differences between residential and commercial projects. This program provides an overview of the key steps involved in effectively administering commercial construction loans.
  • Mortgage Servicing Compliance, Sept. 28, webinar — The rules around servicing include many “standard” requirements dealing with periodic statements and escrows, for example, but many of the requirements focus on how servicers deal with distressed borrowers – from mandating “early intervention” and processes around loss mitigation applications, to foreclosure timing rules. And within the last six months, the agencies have issued many proclamations and allowances for dealing with the many issues the pandemic has created.
  • 2021 Fall OBA/BKD Symposium, Sept. 29, Oklahoma City — This conference is a must-attend for all directors, CEOs, CFOs and others in the banking industry who are impacted by economic, accounting, credit, legal, taxation, regulatory or other issues impacting the banking industry. The conference features industry experts from BKD’s Financial Services Group, as well as leading outside experts from the legal, economic, strategic, risk management and regulatory areas.
  • TRID for Beginners, Sept. 28, webinar — This webinar will take a look at TRID from a beginner’s perspective. This is a great opportunity for you and your team to learn the basics.
  • Work Appearance, Dress Codes and Employer’s Liability for Being Out of Fashion, Sept. 30, webinar— When do company appearance rules become discriminatory or violate employees’ legal rights? Employers are often shocked to find they have gone over the line. Sometimes that shock costs dearly in legal fees and damages. This program will cover the practical and legal issues of the current trends in workplace appearance, and what you should and shouldn’t do about them.
  • Consumer Collections 101, Sept. 30, webinar — During this informative 90 minute presentation, there will be a wide ranging discussion of topics faced by all lenders engaging in the world of consumer collections. These topics will range from early default prevention and resolution tips to enhancing collections through the legal process.
  • TRID: All About Construction Loans, Oct. 1, webinar — This webinar is designed for consumer real estate loan officers, loan processors, compliance and audit personnel.
  • Signature Card Danger Zones, Oct. 4, webinar — This webinar is designed for customer service representatives, branch administration, branch managers, tellers, training and development staff, compliance personnel and anyone who handles customer accounts.
  • Legal Essentials for Lenders, Oct. 6, webinar — This program is designed for lenders, their support staff and loan quality personnel at all levels.
  • Federal Benefit Payments: Garnishment Requirements, Oct. 7, webinar — This program will cover various topics including a general review of the requirements for processing garnishments and state tax levies under the rule, the special terminology that applies, examples of how rules impact garnishment and levy answers, and hold amounts, among other things.
  • Reg CC for Tellers, Oct. 7, webinar — This webinar will benefit all tellers, teller managers, cashiers, customer service representatives, back of bank operations, branch managers and compliance officers.
  • BSA Seminar, Oct. 13-Tulsa; Oct. 14-Oklahoma CityBe sure and register for this timely, one-day AML/BSA program which provides current trends and tools for today’s BSA Officers and BSA team members. This program also assists financial institutions in meeting the annual training requirements by the BSA regulations.
  • 2021 Operations School, Nov. 15-19, Oklahoma City — The Oklahoma Bankers Association’s Operations School is designed to prepare junior-level officers to mid-level operations managers to manage effectively and efficiently an operations function within a bank. Students are exposed
    to numerous concepts that impact your bank’s bottom line.

Also, take note of an upcoming webinar as industry experts discuss cannabis banking. The ABA’s Tanner Daniel will join a panel of bank regulators in a webinar on cannabis banking issues at 2 p.m., Tuesday, Sept. 21. The webinar will include banker perspective on offering cannabis banking service and address FinCEN guidance both deposits and lending, electronic payment systems and legislative or regulatory changes that would promote bank participation in the cannabis industry. Click here to learn more and register.

Finally, save the date for two big OBA events next year! The OBA Senior Management Forum (April 3-5) and the OBA Annual Convention (May 18-20). Mark your calendars and be ready to join us for these signature events!

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