News

The Federal Housing Finance Agency published insight into homeowners’ equity status, which remains high. According to these statistics, negative equity is at its lowest in the past decade. While high-equity mortgages have been consistent recently, mortgages with equity of more than or equal to 30% have risen from 46.1% in the first quarter of 2013 to a 10-year high of …

In This Issue… From Adrian’s desk … Report: FDIC needs to improve threat information sharing with banks Agencies propose guidance to enhance resolution planning at large banks, invites comments OBA Washington Visit ready for you to register – deadline Monday! 2024 Oklahoma Views & Vistas Calendar order deadline approaching OBA education corner … From Adrian’s desk … By Adrian Beverage …

Labor Day is close at hand … however, let’s talk about a few fraud trends and some training opportunities because we all know fraudsters capitalize on long weekends. Bankers are reporting seeing IRS and SSA wires, purportedly refunds and SSI payments, in large dollar amounts. Often starting as romance scams, these are being detected and returned by our savvy bankers. …

In This Issue… From Adrian’s desk … Fraud information … odds and ends Treasury Department, IRS offer digital asset regulations Oklahoma Bankers Hall of Fame accepting nominations – deadline Thursday! OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our bankers this week! • …

The FDIC last week published its 2023 Risk Review. The report summarizes conditions in the U.S. economy, financial markets and banking industry. The 2023 Risk Review provides a comprehensive summary of key developments and risks in the U.S. banking system, as in prior reports, and includes a new section focused on crypto-asset risk. The report focuses on the effects of key …

In This Issue… From Adrian’s desk … FDIC publishes 2023 Risk Review OBA Washington Visit ready for you to register Oklahoma Bankers Hall of Fame accepting nominations – deadline approaching! OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our bankers this week! • …

The Petroleum Alliance of Oklahoma will host a free program on Wednesday about how bankers can navigate the emissions reporting conversation with their oil and gas customers. The Alliance is currently working on two fronts on ESG requirements: 1) Make sure new and proposed emissions regulations are workable and practicable, instead of unworkable and punitive … or potentially fatal to …

The Consumer Financial Protection Bureau should extend a court-ordered stay of its Section 1071 final rule to cover all FDIC-insured banks while the U.S. Supreme Court considers a separate legal challenge concerning the bureau, the OBA and 49 other state bankers associations said last week in a letter to CFPB Director Rohit Chopra. A federal judge in Texas last week …

In This Issue… From Adrian’s desk … OBA, other state bankers associations urge delay of Section 1071 implentation Hawaii Bankers Association launches wildlife disaster fund Oklahoma Bankers Hall of Fame accepting nominations for 2023 OBA Emerging Leaders Academy taking applications OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that …

Additional increases in the federal funds rate will likely be needed to lower inflation to the Federal Reserve’s 2% goal, Fed Governor Michelle Bowman said in two speeches on Friday and Monday. Speaking at events in Colorado and Georgia, Bowman noted inflation has cooled since last year’s high but remains elevated. Consumer spending is robust, and demand for workers continues …