Thursday, May 19, 2022

News

Week of May 16

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 …

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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 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 …

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Week of May 9

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 …

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Week of May 2

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 …

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ABA president/CEO calls CFPB “regulator going rogue”

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 …

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Week of April 25

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 …

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CFPB report shows importance of physical community banks in rural areas

Consumer Financial Protection Bureau logo

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 …

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OBA Convention exhibitor booths are SOLD OUT

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 …

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Golfers needed!

The OBA Convention Golf Tournament is set for May 18 at The Golf Club of Edmond and we want YOU to participate! Grab a partner, or sign up individually and we’ll get you teamed up. The deadline for registration is Thursday and you do not have to be registered for convention to play in the tournament. Click here for registration …

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Okemah banker elected as OBA Emerging Leaders chair

Julie Stovall, with American Exchange Bank in Okemah, was elected by a vote of her peers to be the incoming OBA Emerging Leaders chair. Stovall will serve a two-year term and will work closely with OBA staff to continue to build and direct the OBA Emerging Leaders program. The chair will also serve as a member on the OBA Board …

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