In This Issue… Powell enters second term as Fed chairman Agencies release updated flood insurance guidance OBA education corner … Powell enters second term as Fed chairman The Senate confirmed Jerome Powell to a second term as chairman of the Federal Reserve last week, by a 80-19 vote. Powell has led the Fed board since 2018. The Senate last week …

The banking system remained strong overall, with robust capital and liquidity and improved asset quality in the second half of 2021, according to the Federal Reserve’s latest supervision and regulation report released in early May. The Fed said that risk monitoring will continue for potential effects of the pandemic and new geopolitical risks, including Russia’s invasion of Ukraine. The banking …

In This Issue… Fed: Banking system remains strong OBA offering raffle for PGA Championship passes Golfers needed! OBA education corner … Fed: Banking system remains strong The banking system remained strong overall, with robust capital and liquidity and improved asset quality in the second half of 2021, according to the Federal Reserve’s latest supervision and regulation report released late last …

In This Issue… CFPB report focuses on financial products Earlybird registration nearing for OBA convention! Contact OBA legal department by phone – email currently down OBA education corner … CFPB report focuses on financial products The CFPB issued a “Supervisory Highlights” report on Monday that focused on recent examiner observations of several financial products. Among other things, examiners flagged issues …

A recent American Banker op-ed by ABA president and CEO Rob Nichols criticized CFPB director Rohit Chopra’s controversial practices that have failed to put consumer interests at the forefront of the bureau’s actions. In the op-ed, Nichols addressed the way Chopra lumps certain consumer fees and how it has updated its exam manual in a way that elevates decision-making to …

In This Issue… CFPB to examine non-bank financial institutions Bankers’ Night Out programs wrap up on Wednesday OBA welcomes new strategic member Time to relive 1980s with OB80s convention! OBA education corner … CFPB to examine non-bank financial institutions The Consumer Financial Protection Bureau announced earlier this week it is invoking a largely unused legal provision to examine non-bank financial …

The past couple of weeks, it’s finally started to feel like an election year. The negative ads are on TV and candidate rumors are swirling all around us. The legislature is running bad pieces of legislation that address problems, which only exist so members can use the vote for nothing more than campaign materials. I’m enjoying this right now, but …

The Oklahoma Bankers Association 2022 Convention is set for May 18-20 in Oklahoma City, with the Omni Hotel as the host locale. This year’s convention will feature a 1980s theme (OB80s) as we look back on the decade punctuated by garish clothes, fun music and angst-filled movies about teenagers! Things will start in typical fashion on Wednesday, May 18, with …

Many rural communities face challenges with online-banking options and internet access, leading to heavy reliance on physical bank locations. The CFPB reported a data spotlight on April 19 highlighting the challenges faced regarding rural banking access in areas referred to as ‘banking deserts’. The report looks at how the situation of rural banking customers is unique, and outlines the CFPB’s …

All exhibitor booths for the upcoming OBA Convention have been SOLD OUT. We apologize for any inconvenience to those who still hoped to secure an exhibitor space, but we are excited to have many top-notch guests displaying their services for our bankers in attendance! Sponsorships for both the convention and golf are still available, however – reach out to Thi …