Tuesday, December 1, 2020

Roger Beverage

Executive News: Getting closer

As this issue of the Oklahoma Banker goes to press, we’re still waiting for a signal from Senate Majority Leader Mitch McConnell (R-Ky.) as to when he will (finally) put S. 2155 on the Senate’s Calendar. S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, is the number assigned to the compromise bill that passed the Senate Banking …

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Executive News: Merry Christmas

Yes, I said it again, knowing full well that it is not “politically correct” to do so. As I’ve noted in the past, I really don’t care about that sort of stuff. Besides, even the president is encouraging people to greet everyone with a “Merry Christmas” greeting rather than ‘happy holidays’ or some such. I mean, really. What are we …

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Archive: 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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Executive News: Well … nuts

It’s just recently been announced Sen. Sherrod Brown (D-Ohio) has given up and walked away from the somewhat intense negotiations with Sen. Mike Crapo (R-Idaho) who chairs the Senate Banking Committee. Brown is the ranking member of the Committee, which means he is the top Democrat serving on the Senate Banking Committee. He has a strong voice when it comes …

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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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Senate overturns CFPB’s anti-arbitration rule

The U.S. Senate overturned the Consumer Financial Protection Bureau’s controversial anti-arbitration rule on Tuesday. The vote was 51-50, and it now goes to President Trump for his signature. The vote was along party lines with Republican senators (including Oklahoma Sens. Inhofe and Lankford) voting “yes” and Democratic senators voting “no,” with the exception of two Republican senators – Lindsay Graham …

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Executive News: Why I do this

As I write this month’s column, we’re just wrapping up our Annual Washington Visit with 70-plus Oklahoma bankers from banks of all sizes.  Surprisingly, at least to me, we had some great meetings with federal banking regulators, especially at the OCC. For once, I heard a federal regulator visit with our group who sounded more like an industry supporter than …

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Small Business Administration offering hurricane relief

In Washington this morning, Sen. James Lankford (R-Okla.) asked the OBA if we would be able to help get the word out about the Small Business Administration’s effort to help with the disaster recovery efforts in Texas, Louisiana and Florida. You can click here to see the SBA’s page on disaster assistance. “I assured the senator that Oklahoma bankers would …

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Executive News: Summertime Blues … but now what?

You may or may not have ever heard of the late great Eddie Cochran, a rock-and-roll star from my misspent youth.  He died in 1960, as the result of a car wreck near London. One of his most famous songs was “Summertime Blues,” which I’ve quoted in this space before. I quote some of the lyrics to show that even …

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Hurricane Harvey relief fund initiated

The Aug. 29 OBA Update carried a report about a joint effort by the Texas Bankers Association and the Independent Bankers Association of Texas to help raise money for the Houston flood. The two banker advocacy groups expressed their heart-felt angst, thoughts and prayers for those communities that have been devastated by the recent hurricane. TBA and IBAT were joined …

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