Week of April 3

In This Issue…

CFPB sets policy statement on abusive acts, practices

The Consumer Financial Protection Agency on Monday issued proposed guidance on the “abusiveness” standard as defined by the Consumer Financial Protection Act.

The guidance summarizes previous actions to enforce the abusiveness standard and offers insight into how the agency, under its current leadership, plans to analyze the statutory elements of abusiveness to identify violative acts or practices.

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We are family: OBA Convention open for registration!

The Oklahoma Bankers Association and its member banks constitute a family … and the family is made up of many members. Nearly 200 banks and 20,000 bank employees across the state constitute the OBA’s family tree, and we’d sure like to a see a large representative portion of those at our annual convention on May 8-10!

This year’s convention has the theme “We are family” and will be held at the Embassy Suites in Norman. We hope as many banks and bankers as possible take part in our little family reunion this year!

Click here for more information and a registration form. Also, click here for more information and to register for the convention golf tournament. Don’t hesitate to reach out to the OBA for any additional information!

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Bankers at state capitol: Register for OBA’s 2023 Contact Banker Program

The 2023 Contact Banker Program is currently underway, but there’s still plenty of days for which to sign up!

Click here to find a sign-up form with the dates for this year’s program. Please select dates that work best for you and return you form to megan@oba.com. Once we have the groups finalized, we will send an email confirmation for 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 to discuss current legislation – we want you to just chat with your members about issues facing 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 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.

Questions? Please contact Megan McGuire (megan@oba.com / 405-424-5252).

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Thank you to our Senior Management Conference sponsors!

We want to take a moment to thank our sponsors for the 2023 Senior Management Conference, taking place this week in Las Vegas!

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OBA education corner …

Who’s broke out a pair of shorts the past couple of days?! Who’s wearing some right now?! Spring has certainly sprung with some gorgeous weather right now … but being Oklahoma, we know something wicked this way comes. Whether it be stormy or chilly, weather is fickle in our state. While trying to figure out what to wear each day, take a little time to prepare for upcoming continuing education opportunities available through the OBA:

  • Five Best Practices for Reg. E Disputes, April 10, webinar — Recently issued “FAQs” outline more consumer protection for P2P (person-to-person) fraud for many popular wallet applications, such as Zelle and Venmo. Do they know that a customer can write their PIN on a card and this will not be considered “negligent” if the card is lost or stolen?
  • Business Continuity Management, April 11, webinar — This webinar will provide insight into what your BCM program should include and how recommendations on how to update it to meet and/or exceed examiner expectations.
  • BSA Fundamentals Seminar, April 11-Tulsa; April 12-Oklahoma CityThis workshop will provide current, updated tools, techniques and “real world” examples for learning the critical components of a BSA/AML program.
  • Mastering Participation Agreements: Unlocking Advantages, Managing Risks & Navigating Negotiations, April 13, webinar — Discover the ultimate advantage for both the lead bank and participant bank and learn how to mitigate risks to protect your interests. Get the inside scoop on how to avoid the dangers of lack of information and involvement in negotiations.
  • Commercial Loan Defaults: Waivers, Workouts and Amendments, April 13, webinar — Get ready to dive deep into the critical documentation required before, during and after negotiations with borrowers and guarantors. Empower yourself with the knowledge and skills you need to succeed in today’s fast-paced banking landscape.
  • 2023 Spring HR Seminar, April 18, Oklahoma City — With new technology, generational changes in leadership, processes to recruit and other HR functions processes becoming more digital, banks must keep up with these changes to be competitive.
  • Overdraft Requirements & Best Practices, April 18, webinar — Get ready to dive into the regulatory requirements, guidance, and examiner expectations related to overdrafts, all presented in plain English.
  • Navigating the Complex World of Commercial Loan Compliance, April 19, webinar — Join us where we’ll venture beyond the basics and reveal the secrets to putting the right protections and safeguards in place. Get ready to review the critical documentation for a commercial loan, including collateral security documents, and learn best practices for the underwriting process.
  • 2023 Ag Conference, April 20, Oklahoma City — Bankers in agricultural and rural markets should plan to attend this year’s conference.
  • Demystifying Trusts: A Guide to Establishing Deposit Account and Loans, April 20, webinar — This webinar will provide attendees with information on doing business with trusts, including the best practices in establishing deposit account and loan relationships.
  • Essential Teller IssuesApril 25-TulsaApril 26-Oklahoma CityApril 27-Krebs— The program zeroes in on six modules that remind your tellers of the importance of what they do, how they do it, what they say, and how they deliver customer service.

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