Thursday, August 11, 2022

Week of Aug. 1

In This Issue…

Agencies look to update statement on CRE loan accommodations, workouts

The Office of the Comptroller of the Currency, FDIC and National Credit Union Administration are seeking public comment on an updated policy statement regarding accommodations and workouts for commercial real estate loans whose borrowers are experiencing financial difficulty.

The policy statement was first adopted in 2009, while the updated statement would include changes on short-term loan accommodations, more information about changed accounting principles, and revisions/additions to examples of CRE loan workouts.

Click here to read the proposed policy statement on the Federal Register.

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State Banking Department discusses FDIC’s Skip-A-Payment program position

The Oklahoma State Banking Department issued a statement this weekend concerning the FDIC’s position on the Skip-A-Payment program.

The OSBD has yet to receive any complaints on the program, although the FDIC has recently determined it is “unfair and deceptive” unless accompanied by “clear and adequate disclosures.”

Click here (.pdf) to read the entire statement from the OSBD.

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Banks could face headache in reverse repo area

The trillions of dollars in overnight cash tucked away daily at the Federal Reserve could turn into a major headache for banks according to an analysis story via Reuters today.

The Fed is paying a record reverse repo rate of 2.3% following its 75-basis-point interest rate hike last week. Barclays expects daily reverse repo levels to hit between $2.8 trillion and $3.0 trillion by the end of the year.

Click here to read the entire story in Reuters.

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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 …

You know what happens this month? College football happens this month.

While getting prepared to “Hold That Tiger” or whipping up a “Hotty Toddy” or even calling the hogs back to your house, take a little time to check out all our education opportunities we have for you.

Then, when you’ve finished, you can celebrate with a well-earned “Roll Tide”.

  • Advertising Compliance, Aug. 9, webinar — Advertising presents a unique challenge when it comes to regulatory compliance. This is due to the fact that you often have to deal with many different regulations at one time. This webinar will walk you through all the requirements that could come into play.
  • Residential Construction Lending, Aug. 15, webinar — Many problems can occur during construction that can leave lenders highly exposed unless they are underwritten properly.
  • Legal Liabilities When Check Fraud Occurs, Aug. 16, webinar — This webinar provides attendees with an overview of the laws that control loss allocation when check fraud occurs.
  • Regulation DD Update, Aug. 16, webinar — Learn what the key issues are during an examination and what can go wrong.
  • MSBs, MRBs, PEPs and Other High-Risk Customers, Aug. 17, webinar — We will cover the high-risk customers and services listed in the BSA exam manual and begin to see their impact on our AML program. We will look at what makes a customer or service high risk.
  • Bi-Monthly Compliance Briefing – August 2022, Aug. 17, webinar — A bi-monthly update to help you keep up with changes and deadlines in the compliance area in a quick and easy format.
  • Opening New Accounts, Aug. 17-Tulsa; Aug. 18-Oklahoma CityThis fullday workshop teaches important new account opening procedures, best practices and compliance requirements while focusing on vital information for every type of new account.
  • 10 Must-Have Techniques for Engaging Training, Aug. 18, webinar — Do you have what it takes to deliver memorable and meaningful training? Are you and your PowerPoint presentations in harmony or do you feel like you’re in a constant battle for audience attention? Learn how to spark learner engagement from a design and delivery expert ready to share her secrets with you!
  • FORVIS/OBA Banking Symposium, Aug. 30, 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 Power of Emotional Intelligence in Leading a Team, Sept. 9, Oklahoma City — Recent studies have shown emotional intelligence to be a key factor in leadership effectiveness, specifically, in a rapidly changing business environment. Emotionally intelligent managers create psychologically safe workplaces that lead to improved employee job satisfaction, retention, creativity, performance, and well-being.

Also, mark your calendars for the 2023 OBA Senior Management Forum! The Forum is set for April 2-4 at the Bellagio in Las Vegas. Look for more information in the coming months!

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