Tuesday, November 30, 2021

oklabankers

December 2017 OBA Legal Briefs

Managing risk in mobile deposits (Removed for error) The statement exemption for charged-off loans Don’t sweat the HUD-SCRA expiration HMDA notices Abundance of caution” “Legalese” for non-lawyers – Part II

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Banking Committee approves reg relief bill

On Dec. 5, after enduring a seven-hour process of rejecting some 37 amendments proposed by Democrat members of the Senate Banking Committee, the Committee voted to advance S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, to the full Senate for consideration. It was a strong bipartisan vote: 16-7, including four of the 11 Democrats on the Committee. …

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Answering questions about OBA membership

By Megan McGuire OBA Member Relations A commonly asked question at the OBA is: Am I a member? Every employee of an OBA member bank is a member of the OBA. Furthermore, every employee of an OBA strategic member is a strategic member of the OBA. The Oklahoma Bankers Association would like for all its members to make the most …

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Oklahoma banks continue trajectory for another earnings record

Bank Earnings Chart 2017

Oklahoma banks continue their collective journey to another record-earnings year, according to the FDIC’s release of the Quarterly Banking Profile on Monday. “Needless to say, this is great news for the industry,” OBA President and CEO Roger Beverage said. “The previous record was set in 2015, at $1.024 billion. At the end of September, the year-to-date net income for the industry …

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Matrixforce

Streamlining technology using vetted IT support for financial and professional service organizations to reduce complexity and avoid risk. Cloud computing, online backup, cybersecurity and managed services. Celebrating our 40th anniversary in 2018. CONTACT INFORMATION: Contact: Kevin Fream 9810 E. 42nd St., Suite 209 Tulsa, OK 74146 Phone: (918) 622-1167  Fax: (918) 728-3306 Email: kfream@matrixforce.com Website: www.matrixforce.com We’ve setup a COVID-19 Cybersecurity page …

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Week of Nov. 27

In This Issue… • Greetings from Guy • GRC reviews bills introduced in Second Session • OBA supports FASB proposal to address reporting implications of tax reform • Congress approves government funding bill through Feb. 8 • OBA Bankers’ Night Out programs ready for spring • Register for OBA 2018 Contact Banker Program • OBA education corner …

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Happy Thanksgiving!

Happy Thanksgiving!

We want to wish all our bankers and their families a happy Thanksgiving! Try not to eat too much turkey this weekend! The OBA offices will be closed on Thursday and Friday this week in observance of the holiday. We will reopen at our regular time on Monday, Nov. 27.

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CFPB Director Cordray leaving position

Consumer Financial Protection Bureau Director Richard Cordray announced today he will be leaving his position, effective by the end of this month. Cordray, the first director of the CFPB, is thought to be considering a bid as governor of his home state of Ohio in next year’s election, although he has not confirmed this nor launched an official campaign. He …

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Senate Banking Committee reaches tentative compromise on reg relief

On Nov. 13, members of the Senate Banking Committee unveiled a proposed compromise on regulatory relief for community banks, according to OBA President Roger Beverage. “It’s not everything we wanted,” Beverage said. “I still want to see if this is the final ‘take-it-or-leave-it’ version or if we can add some tweaks. “The most obvious omission is that it doesn’t talk …

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Bad news: Crapo/Brown negotiations fail

We have now confirmed the ranking member of the Senate Banking Committee, Sherrod Brown (D-Ohio), has walked away from the negotiations with Committee Chairman Mike Crapo (R-Idaho) on a proposed package for regulatory relief aimed at community banks. He did so in spite of his public statements some three weeks ago that progress was being made on a compromise, bipartisan …

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