Oklahoma Banker Direct

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 …

The Federal Deposit Insurance Corporation Board of Directors today approved a notice of proposed rulemaking, which would implement a special assessment to recover the cost associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank. The FDIC is proposing to collect the special assessment at an annual rate of approximately 12.5 basis points over eight …

Be sure to bookmark our dedicated mobile web page for convention, which includes the 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 looks like a square with an arrow …

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 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 9 at the annual meeting and …

As we head into the weekend, we wanted to give our members a short roundup of information and stories from this week surrounding the failure of Silicon Valley Bank. • U.S. Treasury Secretary Janet Yellen reassured markets and lawmakers at a Senate Finance Committee on Thursday the federal government is committed to protecting U.S. bank deposits. • Oklahoma Sen. James …

The failure of Silicon Valley Bank this weekend has been well covered in the national media. Local media here in Oklahoma might want to “localize” the story and reach out to our member banks for comment. To assist our banks, we put together some quotes and talking points below they are free to use and share. Also, all our banks …

We need your help! HB 2218 is on the agenda in the House Banking Committee for Monday afternoon. This bill prohibits governmental entities from contracting with financial institutions that discriminate against firearm and firearm accessory manufacturers. We are opposed to this bill for the following reasons: . There are NO banks in Oklahoma discriminating against the firearms industry. . The …

As we’ve noted in previous Oklahoma Banker Directs, Oklahoma will become a title-holding state starting Friday, July 1. We wanted to take the opportunity to send out information we had sent out previously just to make sure our bankers are prepared for this change. Below are links to the slides of the presentations from the OTC concerning the change, as …

Effective July 1, 2022, Oklahoma will become a title-holding state. The Oklahoma Tax Commission late Tuesday sent us the below “MEMO” with information. PLEASE make sure you read this entire Banker Direct as there is a lot of information to digest. Also, make sure all the appropriate people in your bank receive this email. There are several dates listed below …

Esther George, president and CEO of the Federal Reserve Bank of Kansas City, announced today she intends to retire in January 2023, as required by the Federal Reserve’s mandatory retirement rules for Reserve Bank presidents. George, who began serving as president on Oct. 1, 2011, marked 40 years of service at the Kansas City Fed in April. Consistent with the …