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The Oklahoma Housing Stability Program was created by the Oklahoma legislature earlier this year.  The purpose of the program is to increase the number of single-family residences available for purchase across the State of Oklahoma for families with incomes up to $120% of the AMI, provide gap financing to aid and incentivize the production of rental housing across the state …

The FDIC has updated its Supervisory Guidance on Multiple Re-Presentment NSF Fees to clarify its supervisory approach for action when a law is violated. Since the issuance of the Supervisory Guidance on Multiple Re-Presentment NSF Fees, steps financial institutions have taken to remediate consumer harm associated with re-presentment fees have provided the FDIC with additional data about the amount of …

During the last week of the state legislative session, both the House and Senate passed HB 1031, which became law earlier this month. HB 1031 creates the Oklahoma Housing Stability Program.  The purpose of the program is to increase the number of single-family residences available for purchase across the State of Oklahoma for families with incomes up to $120% of …

The OBA’s Annual Washington Visit has been scheduled for Sept. 24-26 and the hotel will be The Mayflower Hotel. We challenge you to join the “Race to 100.” We’re striving for 100 bankers in D.C. for the 2023 OBA Washington Visit. We are still finalizing the exact times but know we will meet with the following: ABA, Federal Reserve, FinCEN, …

The American Bankers Association has joined a lawsuit filed by the Texas Bankers Association and McAllen, Texas-based Rio Bank challenging the Consumer Financial Protection Bureau’s final rule implementing Section 1071 of the Dodd-Frank Act. ABA president and CEO Rob Nichols made the announcement of his association joining the legal fight during the TBA’s annual convention in San Antonio late last …

We had a good time at convention! We hope you did, too! Check out a random smattering of photos from our convention below! You can also CLICK HERE to see ALL of the photos we collected from convention via a Dropbox folder!  

Did you miss our convention this week? Well, we missed you! We’ll have more photos and such to share with everyone in the upcoming days. Until then, quench your convention thirst with a peek at our opening session video featuring “family photos” of several banks in the state! Many thanks to all the banks who submitted photos for the project!

A “targeted” deposit insurance system in which additional coverage would be extended to business payment accounts would be the best option for balancing financial stability and depositor protection relative to its costs, the FDIC said earlier this week in review of the system. The review, prompted by recent bank failures, considered three options for reforming the Deposit Insurance Fund: The limited …

The U.S. banking system remains the deepest and most resilient in the world, and the diversity of banks serving communities across the country continues to be a source of strength for the nation’s economy, the OBA, the American Bankers Association and 50 other state bankers associations said last week in a letter to congressional leaders. The groups noted that while the …

The Federal Financial Institutions Examination Council’s 2023 guide reflects an amendment to the 2020 HMDA rule to make adjustments to loan volume thresholds which are effective Jan. 1, 2023; it is imperative to HMDA reporting. This guide focuses on HDMA data submitted due by March 1, 2024, please click here for more information.