Saturday, April 20, 2024

Week of July 4

In This Issue…

Basel releases second consultation on regulatory treatment of cryptoassets

The Basel Committee on Banking Supervision issued its second consultation on the regulatory treatment of digital assets, including cryptocurrencies, on June 30.

The document follows the first consultation issued a year prior and a round of public comments in 2021, which called on the committee to avoid overly prescriptive approaches toward cryptoassets.

Click here to read more, courtesy the ABA Banking Journal. Also, click here to download the Consultative Document (.pdf) from Basel.

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Annual Washington Visit set for Oklahoma bankers

The OBA’s Annual Washington Visit has been scheduled for Sept. 26-28 and the hotel will be the Waldorf Astoria.

Besides all the usual – and incredibly useful – meetings with the movers and shakers on Capitol Hill, we will host an “OBA Sports Night” at Walters Sports Bar on the Monday night of the visit, allowing everyone to decompress, enjoy a casual evening and compare notes.

Registration information should be hitting your bank shortly, but you can also download the registration and information form, and get more info on the hotel, by clicking here (.pdf). Click here to access the hotel reservation link.

If you have any questions, contact Adrian Beverage or Megan McGuire at the OBA.

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OBA Emerging Leaders Academy now accepting applications

Take note the OBA 2022-23 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. 9, Dec. 8, Jan. 27, Feb. 22, March 24, April 28. Graduation will take place in May 2023 at the OBA Annual Convention.

Click here to apply! Also, for more information, please contact Megan McGuire at (405) 424-5252 or megan@oba.com.

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OBA education corner …

We hope, after sitting in the 100-degree weather this past holiday weekend, nobody looks like Darth Vader after his duel with Obi-Wan Kenobi. Even if so, Vader lived a pretty eventful life after getting melted on Mustafar, so don’t fret if you’re missing a few patches of skin after attempting to use the Force to summon an umbrella and a cocktail.

While contemplating the full geekness dripping from the above paragraph, and realizing you may underestimated the geekery levels of the OBA communications team, take a second to see what upcoming education events in which you might be interested! Take note of the following:

  • Employee Engagement & Retention Strategies, July 8, webinar — Retaining and engaging in a new world of work – does this sound like something you can relate to? The Great Resignation has disrupted employers and in turn negatively impacted organizational engagement and culture.
  • TRID for Beginners, July 12, 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.
  • Fair Lending Compliance Issues in 2022, July 13, webinar — In this webinar, we’ll go in-depth with a discussion of fair lending principles, expectations, and techniques. We’ll explore what’s new in the area of fair lending, to new interpretations of protected classes, to future potential legislation.
  • Federal Benefit Payments Garnishment Requirement, July 14, webinar — This webinar provides participants with the federal rules that are applicable when processing garnishments on accounts receiving federal benefit payments.
  • Social Media Compliance and Best Practices, July 14, webinar — In this session, we will provide best practices for developing your social media strategy and policy. In addition, we will dive into the compliance requirements, including Truth-in-Savings, Reg Z and UDAAP.
  • Legal Issues of Checks, July 19, webinar — Having an understanding of endorsements and handling checks is crucial to making sound check cashing decisions. A check is a unique type of contract where ownership can be transferred by way of the endorsement on the back of the item.
  • Consumer Collection 101, July 20, webinar — This presentation will discuss the brave new world of consumer collections and how best to navigate the current challenges facing lenders so that they can effectively resolve delinquent and charged off accounts.
  • Best-Ever Compliance Checklists for Consumer Loans, July 20, webinar — These colorful and easy-to-use checklists are designed to chronologically lead lenders and processors through the various lending compliance requirements.
  • What to Do When a Customer Dies, July 21, webinar — This webinar focuses on the deposit and loan issues that arise when a customer dies.

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