Oklahoma Bankers Association We make bankers better!
In This Issue… Southwestern Kansas bank closes Oklahoma Housing Finance Agency schedules additional input sessions OBA Emerging Leaders Academy accepting applications OBA education corner … Southwestern Kansas bank closes State regulators on Friday closed Heartland Tri-State Bank in Elkhart, Kansas, and named the FDIC as receiver. The FDIC entered into an agreement with Dream First Bank in Syracuse, Kansas, to …
August 2023
July 2023
-
July 31, 2023
Federal court halts Section 1071 implementation
A Texas federal judge issued an order today for an injunction against the Consumer Financial Protection Bureau’s Section 1071 final rule. The injunction, which came at the request of the American Bankers Association, the Texas Bankers Association and McAllen, Texas-based Rio Bank, is ONLY for member banks of the ABA and/or TBA. Although both trade associations asked for the injunction …
-
July 31, 2023
July 2023 OBA Legal Briefs
Appraisal bias – Part II Reconsideration of value 1071 – Small Business Lending Rule, Basics Appraisal bias – Part II By Andy Zavoina In March 2021 HUD approved a settlement between JPMorgan Chase and an African American woman over appraisal bias. There was no admission of fault on Chase’s side, but the bank agreed to pay the woman $50,000, …
-
July 27, 2023
Congress to vote soon on credit card legislation
Proponents of the Credit Card Competition Act are trying to latch it on as an amendment to the must-pass National Defense Authorization Act – and pass it quickly before Congress adjourns for an August break. Your senators need to hear from you. Although both Sen. Lankford and Sen. Mullin have opposed this legislation in the past, it’s important to remind …
-
July 27, 2023
Oklahoma attorney general opposes FDIC’s proposed special assessment
Oklahoma Attorney General Gentner Drummond is leading a coalition of nine attorneys general urging the Federal Deposit Insurance Corporation to reverse course on its proposed rule to impose a special assessment on banking organizations. The would-be rule is an effort to recover the costs of bailing out elite depositors like venture capitalists and foreign nationals at Silicon Valley Bank and …
-
July 25, 2023
Week of July 24
In This Issue… Oklahoma attorney general opposes FDIC’s proposed special assessment ACH network same-day payments grown in 2023 Oklahoma Bankers Hall of Fame accepting nominations for 2023 2024 Oklahoma Views & Vistas Calendar available for early-bird orders OBA education corner … Oklahoma attorney general opposes FDIC’s proposed special assessment Oklahoma Attorney General Gentner Drummond is leading a coalition of nine …
-
July 24, 2023
Oklahoma Bankers Hall of Fame accepting nominations for 2023
The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2023 class; additionally, the process of selecting inductees has been updated. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. Second, as mentioned, there is a new process …
-
July 18, 2023
Week of July 17
In This Issue… Annual Washington Visit set for Oklahoma bankers 2023 OBA Directory of Banks available for purchase OBA education corner … Annual Washington Visit set for Oklahoma bankers The OBA’s Annual Washington Visit has been scheduled for Sept. 24-26 and the hotel will be The Mayflower Hotel. We challenge you to join the “Race to 100.” We’re striving for …
-
July 12, 2023
Executive News: FDIC guidance caused heartburn for community banks
Summer is officially here and the temperature outside is heating up. The same can be said for what’s happening in Washington, D.C., but for now, all the heat is coming from the regulatory side and some action in congressional hearings. In August, you might recall th e FDIC issued a Supervisory Guidance on Multiple Re-Present NSF Fees. The initial guidance …
-
July 12, 2023
CFPB publishes FAQ on Section 1071 compliance
The Consumer Financial Protection Bureau has published on its website a list of frequently asked questions about compliance with its recently finalized Section 1071 small business lending rule. The document covers topics such as which institutions are covered by the rule and what transactions they must count when determining whether they satisfy the origination threshold.