Oklahoma Bankers Association We make bankers better!
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 …
December 2017
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December 16, 2017
Senate Banking Committee approves regulatory relief bill
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 …
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December 12, 2017
Week of Dec. 12
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 …
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December 11, 2017
FHN Financial
FHN Financial is an industry leader in fixed income sales, trading, and strategies for institutional customers in the US and abroad. With an average daily trading volume of $4.2 billion, FHN Financial transacts business with approximately 45% of all US banks with portfolios over $100 million.1 1For 24-month period ending 4Q24. Learn more at www.fhnfinancial.com. CONTACT INFORMATION: Contact: Trae Winston …
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December 7, 2017
Senate Banking Committee approves reg relief package – S. 2155
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 …
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December 7, 2017
Credit Union Sues President Trump Over Mulvaney Appointment
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 …
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December 6, 2017
Mulvaney Begins Process to Reign in Consumer Bureau
As you know by now, there’s good news for community bankers at the CFPB: In addition to the fact that Richard Cordray is no longer the Director of the Consumer Financial Protection Bureau, (he has just announced his long-anticipated candidacy for Governor of Ohio), it seems pretty clear that the President’s selection of Mick Mulvaney as Acting Director is going …
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December 6, 2017
Hoenig On Board With Reg Relief Package; Suggests Tweaks
Statement of Tom Hoenig, FDIC Vice Chairman on the action by the Senate Banking Committee moving S. 2155 to the full Senate. I am pleased that the Senate Banking Committee has advanced the regulatory relief debate with approval of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. The underlying goal of the legislation is one I have long advocated: easing …
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December 5, 2017
Week of Dec. 4
In This Issue… • Greetings from Guy • Powell’s nomination recommended to the full Senate • Poll: Majority of voters support taxing credit unions • Just in: The Senate Banking Committee just voted to advance S. 2155 to the full Senate • Senate votes to approve major tax reform • OBA soliciting CD bids • OBA education corner …
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December 4, 2017
McCormack and Associates, a Vantage Point Company
MAi, now part of Vantage Point Solutions, provides specialized, comprehensive support to banks in Oklahoma and across the country. Our experienced team offers expertise in audit, compliance, asset and liability management, model validation, loan review, and strategic planning; as well as IT audits and assessments, cybersecurity, risk mitigation, and marketing services. These integrated resources are customized for every scenario, helping …