Tuesday, October 4, 2022

News

Week of Oct. 3

In This Issue… Legislators introduce House version of Durbin-Marshall bill Fed expected to get tougher on inflation OBA Oktoberfest Golf Tournament set for Oct. 24 OBA education corner … Legislators introduce House version of Durbin-Marshall bill Reps. Peter Welch (D-Vt.) and Lance Gooden (R-Texas) introduced on Monday a companion bill to the Credit Card Competition Act of 2022, a bill …

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Federal Reserve governor lauds banks for resilience

During an industry event last week, Federal Reserve Gov. Michelle Bowman praised banks for their recent examples of resilience during the pandemic, and how recent supervision and regulation have contributed to a “safer, stronger, better capitalized” banking system. Bowman’s comments primarily focused on what she called the Fed’s “incremental approach to ongoing refinements” in supervision and regulation and the critical …

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Week of Sept. 26

In This Issue… OBA heads to annual Washington Visit CFPB looks for feedback on mortgage, refinancing products OBA education corner … OBA heads to annual Washington Visit A group of bankers and OBA staffers descended on Washington, D.C. this week for the the annual OBA Washington Visit. While there, the OBA representative will meet with various regulatory agencies, elected officials …

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Bank CEOs: Financial institutions ready for economic headwinds

The CEOs of the nation’s seven largest retail banks testified before the House Financial Services Committee last week in a hearing that touched on a wide range of topics, although high inflation and the Federal Reserve’s decision to once again raise the federal funds rate loomed large. During the six-and-a-half hour hearing, the executives fielded questions ranging from mortgage practices …

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OBA hosts candidate forum

OKLAHOMA CITY — The Oklahoma Bankers Association hosted 16 candidates who will be on statewide ballots in November, including three gubernatorial opponents, at a forum during its monthly board meeting on Wednesday. The forum, which took place in the OBA’s Harris Event Center in Oklahoma City, was highlighted by the appearance of Gov. Kevin Stitt, and his Democratic opponent in …

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Week of Sept. 19

In This Issue… Legislators introduce House version of Durbin-Marshall bill Fed expected to get tougher on inflation OBA Oktoberfest Golf Tournament set for Oct. 24 OBA education corner … Legislators introduce House version of Durbin-Marshall bill Reps. Peter Welch (D-Vt.) and Lance Gooden (R-Texas) introduced on Monday a companion bill to the Credit Card Competition Act of 2022, a bill …

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Week of Sept. 12

In This Issue… Agencies reaffirm commitment to Basel III standards OCC announces chief climate risk officer Deadline this week to apply for Emerging Leaders Academy OBA Oktoberfest Golf Tournament set for Oct. 24 Final week to order 2023 OBA calendars OBA welcomes new strategic member OBA education corner … Agencies reaffirm commitment to Basel III standards Federal bank regulatory agencies …

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Fed prepares for interest rate raise

Traders are expecting the Federal Reserve to raise interest rates at its meeting later this month. The possibility of a third straight three-quarter point hike looks to be high, according to stories in several media outlets. You can read one, via CNBC, by clicking here.

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OCC to lower assessments

The Office of the Comptroller of the Currency will lower assessments in 2023 as part of an effort to close the pricing differential between state and federal charter assessments, Acting Comptroller of the Currency Michael Hsu said last week during remarks to the Texas Bankers Association. Effective in March, the agency will make a 40% reduction in assessments for a …

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Week of Sept. 5

In This Issue… OCC to lower assessments ‘Banks are safe’ PSAs available from OBA OBA education corner … OCC to lower assessments The Office of the Comptroller of the Currency will lower assessments in 2023 as part of an effort to close the pricing differential between state and federal charter assessments, Acting Comptroller of the Currency Michael Hsu said last …

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