Oklahoma Bankers Association We make bankers better!
July 2017
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July 25, 2017
Small-business lending information needed
Good afternoon everyone. As you know, the CFPB has published its Request for Information that deals with small business lending and the Bureau’s plan to implement the requirements of Sec. 1071 of Dodd-Frank. Those requirements will require your bank to collect HMDA-like data on small business loans. I’ve been included in a meeting at the Bureau on Monday to visit …
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July 24, 2017
Week of July 24
Greetings from Guy By Guy Sims OBA Chairman I spent last week attending the ABA’s Summer Leadership Meeting in Boston. The meeting provided a great opportunity to network with other bankers from across the country as well as gain additional insight into what is going on in Washington, D.C. On the regulatory reform front, it appears work is going on …
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July 17, 2017
Week of July 17
Congressional GOP: pursuing vote to overturn arbitration rule Last week, the Consumer Financial Protection Bureau issued its Final Rule that, in essence, prohibits banks and other lenders from using mandatory arbitration clauses in their lending and other documents. “That’s the bad news,” OBA President and CEO Roger Beverage said. “The good news is that congressional Republicans are poised to use …
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July 12, 2017
July 2017 Legal Briefs
“I received a garnishment…” Are annual privacy notices still required? Proposed changes to Prepaid Rule CFPB “special edition” on complaints Will the CFPB get SCRA enforcement authority? “Debt collector” gets a refined definition
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July 10, 2017
Week of July 10
Greetings from Guy By Guy Sims OBA Chairman Developing the next generation of bankers is one of the biggest challenges many of us face in our banks. Technical training, practical experience and a broad view of the banking landscape is important in developing quality bankers that will lead our banks in the future. Our board, both at my bank and …
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July 5, 2017
Week of July 3
Greetings from Guy By Guy Sims OBA Chairman While the health care debate is taking up all of the oxygen in Washington, the next item on the agenda for the Republican congress is tax reform. The plan is to have the framework hammered out by September and have a bill passed and signed by year-end. The house has been working …
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July 1, 2017
Loan-to-deposit ratio information released
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued late last month the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year’s ratios, …
June 2017
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June 30, 2017
June 2017 Legal Briefs
Consumer loan dollar amounts adjust July 1 TCPA compliance for certain alerts ‘New and improved’ credit reports coming soon Amendments to Reg CC – Finally!
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June 19, 2017
Week of June 19
Greetings from Guy By Guy Sims OBA Chairman Washington provided plenty of drama last week both political and personal. I would like to spend a few minutes discussing the horrific shooting at the congressional baseball game practice. While the political rhetoric has been red hot for an extended period, it took this terrible event to produce some civility among our …