News

According to a national survey conducted by Morning Consult on behalf of the American Bankers Association, 91% of consumers evaluated their bank’s online and mobile app experience as “outstanding,” “very good,” or “good,” tying last year’s record. Furthermore, 81% of those polled believe that bank innovation and technical advancements are making it easier for all Americans to obtain financial services, demonstrating …

In This Issue… OBA dues invoices being sent this week 2022 Reg. Z dollar thresholds announced CFPB issues guidance to assist with Reg. F compliance OBA education corner … OBA dues invoices being sent this week The annual dues invoices from the OBA are being sent to all our member banks this week. Strategic member dues invoices are also being …

The Office of the Comptroller of the Currency (OCC) responded to commonly asked questions (FAQ) about a notice of proposed rulemaking seeking public comment on a plan to revoke the OCC’s Community Reinvestment Act (CRA) regulation, which was issued on June 5, 2020. (June 2020 CRA rule). The notice, which was published in the Federal Register on September 17, 2021, …

The American Bankers Association reported today the Biden Administration and House leaders released the framework and legislative text of the Build Back Better plan. We are pleased to report after reviewing the package it does not contain any language on the ABA, state bankers association, banker and consumer-opposed tax information reporting proposal. Please note, however, the release of the framework and text is …

In This Issue… Report: IRS bank proposal to be dropped from budget bill Opposition to tax reporting proposal made clear by ABA, trade groups 2021 Oklahoma Bankers Hall of Fame ceremony set for Dec. 2 Bankers’ Night Out fall series continues with upcoming dates in Woodward, Lawton OBA education corner … Report: IRS bank proposal to be dropped from budget …

According to a new study done by Morning Consult on behalf of the American Bankers Association, nine out of ten Americans with a bank account are “extremely content” or “satisfied” with their primary bank, and 97% rank their bank’s customer service as “outstanding,” “very good,” or “good.” The poll, which was taken earlier this month and released Monday at the …

Last month, we talked about the reconciliation bill being discussed in Congress, along with the IRS proposal. Fast forward one month and nothing has changed. No vote has been taken on reconciliation bill and no vote has occurred on the Senate infrastructure bill. Here’s a look at where we were and where we are at today. The $1 trillion Senate …

In This Issue… Democrats likely to scale back Treasury’s IRS bank reporting plan OCC releases updated LIBOR transition self-assessment tool Bankers’ Night Out fall series continues with upcoming dates in OKC, Woodward, Lawton OBA education corner … Democrats likely to scale back Treasury’s IRS reporting plan Senate Democrats will likely reveal a scaled-back version of a Biden administration proposal to …

Despite the drop in net interest revenue, 64.1% of Oklahoma banks reported more net interest income than the previous year, according to the recently released Quarterly Banking Profile by the FDIC for the second quarter. For Oklahoma banks, the average return on assets was 1.24% in the second quarter of 2020, up from 0.36% the previous quarter. The FDIC reported …

According to the American Bankers Association’s latest Consumer Credit Delinquency Bulletin, consumer credit delinquencies hit a new low in the second quarter of 2021 as the economy continued to improve. When compared to the previous quarter, delinquencies decreased in nine of the 11 loan categories analyzed by ABA. In the second quarter, delinquencies on bank cards (credit cards issued by …