News

On Friday, Dec. 22, 2017, President Trump signed into law H.R. 1, which became Public Law No: 115-97. “The process was a bit confusing, to say the least,” OBA President and CEO Roger Beverage said. “The bill had to be structured in such a way that it would fit into the ‘reconciliation’ process in the Senate and still be acceptable …

By Jeremy Cowen Vice President/Communications    Bankers know a lot about investing. Therefore, it should be of little surprise Oklahoma bankers continue to invest in the future of their own industry. The Oklahoma Bankers Association’s popular Summer Intern Program will again be active in 2018 and is expecting a number of prospective interns from the University of Oklahoma and Oklahoma State …

In This Issue… • Thank you to our members! • Voters support taxing large credit unions • Oklahoma delegation asked to support H.R. 4545 • OBA education corner …

In This Issue… • Greetings from Guy • House, Senate leaders release text of final tax reform bill • House Financial Services Committee advances several industry-supported bills • Information courtesy Compliance Alliance … • OBA education corner …

The following information shows the result of a recent poll conducted by Morning Consult, The poll was conducted at the request of the American Bankers Association.  Here are the results: 1. Voters are largely not aware of the fact that credit unions pay no federal income tax; 2. It is not appropriate for a tax-exempt industry to spend millions of …

Late Tuesday afternoon, the Senate Banking Committee voted to advance S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act to the full Senate for consideration. It was a strong bipartisan vote: 16-7, including four of the 11 Democrats on the Committee. “A small group of us began working on this concept about four years ago or so,” said …

In This Issue… • Let our senators know to support reg relief bill • House Financial Services Committee mark-up today • California wildfires continue to rage; CBA asks for help • OBA education corner …

Late Tuesday (Dec. 5) afternoon, the Senate Banking Committee voted to advance S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act to the full Senate for consideration. It was a strong bipartisan vote: 16-7, including four of the 11 Democrats on the Committee.  “This is the first regulatory relief effort to make it out of Committee since Dodd-Frank was enacted in …

 In case you missed it, Lower East Side People’s Federal Credit Union filed suit against the President and Acting CFPB Director, Michael Mulvaney, alleging that Mulvaney’s appointment violates the constitution. The credit union has $55 million in total assets. It’s CEO alleges that Deputy Director Leandra English is the proper and only lawful Acting Director of this massive regulatory agency that is not …