Saturday, September 24, 2022

Week of Jan. 17

In This Issue…

Bloomberg article: Cannabis banking is booming despite federal uncertainty

The Bloomberg news service published a story in its daily newsletter today titled “Cannabis banking is booming despite federal uncertainty”.

The article touched on how financial institutions, particular smaller ones, are jumping into the world of banking marijuana-related industries.

You can read the article on Bloomberg by clicking here.

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Supreme Court blocks vaccine mandate

The Supreme Court last week blocked the employer vaccine mandate issued by the Occupational Safety and Health Administration, which would have required employers with 100 or more employees to ensure staff are vaccinated or tested weekly for COVID-19, among other requirements.

You can read the Supreme Court’s decision by clicking here.

The mandate was previously upheld by the Sixth Circuit Court of Appeals. In mid-December, business groups challenging the vaccine mandate filed an application with the Supreme Court for an emergency stay of the mandate. Last week’s stay by the Supreme Court is effective until the challengers can appeal the Sixth Circuit’s decision in that court and to the Supreme Court, a process that likely will take at least several months.

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Bankers at the State Capitol: Register for OBA’s 2022 Contact Banker Program

We have set the dates for the 2022 Contact Banker Program. Click here to find a sign-up form with the dates listed for this year’s program. We ask you select what dates work best for you and return your form to megan@oba.com. Once we have the groups finalized, we will send an email confirmation of your date.

On the date you select, there will be a short briefing before we start walking the halls of the Capitol. Please know, we will stay together as a group the entire morning. We will do our best to have you spend a few minutes with both your state senator and state representative to either start a new relationship or strengthen one already in place. We won’t ask you discuss current legislation – we want you to just chat with your members about issues that may affect your community or other pressing matters. Depending on what week you select, we will either sit in on a committee meeting or in the gallery to watch the action on the floor. Once we have finished all of our business at the Capitol, the OBA Government Relations Team will take everyone to lunch to discuss the events of the morning.

Everyone at the Capitol knows bankers are involved in the political process and they are watching how they vote. All of this success is because of the Contact Banker Program. This program is meant for all employees at the bank. There is no cost to attend other than your time.  Please complete this registration form and send it to megan@oba.com.

Should you have any questions please don’t hesitate to contact Megan McGuire (megan@oba.com / 405-424-5252).

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OBA education corner …

It’s freezing. It’s not freezing. It’s freezing. It’s not freezing. The weather is bipolar and unpredictable, but one things definitely isn’t: the OBA education calendar. Check out all the upcoming education opportunities, including the following:

  • Basic Real Estate Loan Documentation, Jan. 26, webinar — This webinar provides a comprehensive overview of essential real estate loan documentation requirements, regulatory compliance issues, sound loan administration issues and best practices.
  • Creating the Right ERM Program, Jan. 27, webinar — Are you creating your first ERM Program for your bank? Do you want to ensure your current program is complete yet keep it simple? If yes to either question, this webinar is for you!
  • 2022 Compliance Updates, Jan. 27-TulsaFeb. 2- Oklahoma City — The 2022 Compliance Updates will provide a review of issues and concerns facing every bank’s compliance team. The sessions will focus on “hot” topics, trends, and areas that may need more emphasis. Common compliance mistakes also will be covered.
  • 2022 OBA Intermediate School, Feb. 7-11, June 6-10, Oklahoma City — Presented in two sessions, this school is designed to prepare students to serve effectively and profitably the needs and desires of their banks and the banking public. A major objective of the program is to instill an appreciation for and an understanding of the operations and interrelationships of departments within a bank.
  • Marketing & Advertising Compliance – Two-Part Series, Feb. 8 & 17, webinar — This is a two-part webinar series that covers the comprehensive landscape of marketing and advertising compliance requirements. In these webinars we’ll provide many examples of how the rules apply as well as recommendations on how to deal with all the requirements.
  • SSAE18, SOC 1, SOC 2 – What Do I Need?, Feb. 9, webinar — We will explore the different types of SOC reports provided by vendors and highlight the best items that should be requested from vendors.

Additonally, the Oklahoma Bankers Association 2022 Senior Management Conference is scheduled for April 3-5 at the Bellagio in Las Vegas. One of the key benefits in the conference will be talking with your peers. Attendees at the OBA 2022 Senior Management Conference will be surrounded by those with similar titles, similar workloads, similar problems and likely solutions to issues that can be just as similar. If you have any questions or want to get signed up, contact the OBA’s education department at 405-424-5252, or download a brochure and registration form by clicking here!

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