Wednesday, July 24, 2024

Oklahoma Banker Direct

Oklahoma Bankers Hall of Fame accepting nominations for 2024

The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2024 class; additionally, a reminder the process of selecting inductees was updated for last year. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. If a person was …

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Supreme Court opines CFPB funding structure is constitutional

Earlier this morning, the U.S. Supreme Court released its opinion stemming from a recent case that the funding structure of the Consumer Financial Protection Bureau is constitutional. The Court’s decision came in a case involving Community Financial Services Association of America. Still pending, however, is the American Bankers Association and Texas Bankers Association’s Sec. 1071 Final Rule suit that both …

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Mobile website available for OBA convention attendees

Be sure to bookmark our dedicated mobile web page for convention, which includes information on the golf tournament, the overall convention schedule, exhibit floor plan, sponsors and more at www.oba.com/convention. Those using iPhones can save the page on their home screen like an app by simply hitting the share button at the bottom of the screen (icon at center that …

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OBA board nominees selected for consideration by membership

Pursuant to Article V, Section 5.4 of the By Laws of the OBA, notice is hereby given of the slate of nominees that have been selected by each of the Board’s nominating committees to serve a three-year term on the Board of Directors. The slate of nominees will be considered by the membership on May 14 at the annual meeting …

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Court injunction blocks CFPB credit card late fee rule

A preliminary injunction that blocks the Consumer Financial Protection Bureau’s credit card late fee rule from taking effect was issued earlier today. A federal judge in Texas issued the injunction, which stops the CFPB’s rule from starting as planned on Tuesday. The ruling came in the case brought by the American Bankers Association, the U.S. Chamber of Commerce and other …

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Preliminary injunction issued against new CRA rules

A federal judge in Texas issued a preliminary injunction on Friday against the enforcement of revised rules implementing Community Reinvestment Act. The American Bankers Association, the Independent Community Bankers of America, the U.S. Chamber of Commerce, the Texas Bankers Asociation, alongside three other national and state associations, sued banking agencies in February for exceeding their statutory authority with their recent amendments to …

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Nominations open for OBA Board, first vice chair

Pursuant to Section 5.4 of the bylaws of the Oklahoma Bankers Association, this Banker Direct will serve as official notice of the process of selecting members of the board of directors of the Association. There are six board nominating committees, each of which will select a banker to replace the board member whose term on the OBA’s board will expire …

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Agencies extend applicability date of certain provisions of CRA final rule

Federal bank regulatory agencies jointly issued an interim final rule on Thursday that extends the applicability date of certain provisions in their Community Reinvestment Act final rule issued in October 2023. The agencies also requested comment on the extension. The agencies extended the applicability date of the facility-based assessment areas and public file provisions from April 1, 2024, to Jan. 1, 2026. …

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OBA-introduced ACRE bill passes state House, moves to Senate

HB 4092, Rep. Trey Caldwell’s state-level ACRE bill, passed the full House and is now headed to the Senate in the hands of Sen. Darcy Jech. We will keep you posted on this OBA-introduced bill and its progress through the process. Thank you to all who reached out and contacted your state representative about this important bill. More about HB 4092 (the …

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Ask your state representative to vote ‘yes’ on ACRE Act

The ACRE Act (HB 4092) is up for a vote in the State House of Representatives any day now. We need your help! Please call your State Representative and ask them to vote YES on HB 4092. What does the ACRE Act actually do? • The ACRE Act will lower the cost of credit by removing the taxation on interest …

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