May 2022

  • May 31, 2022

    Week of May 30

    In This Issue… CFPB: Algorithms used in credit decisions must be explainable 2022 OBA Annual Washington Visit scheduled Fed board issues ‘Economic Well-Being of U.S. Households in 2021’ report OBA education corner … CFPB: Algorithms used in credit decisions must be explainable In a new circular issued late last week, the CFPB said under the Equal Credit Opportunity Act and …

  • May 30, 2022

    May 2022 OBA Legal Briefs

    Please help us help you Lender credits on the TRID closing disclosure MLA and GAP Overdraft fees are not interest Please help us help you By Pauli D. Loeffler You may have missed the notice on the Oklahoma Bankers Association’s webpage regarding issues the OBA Legal and Compliance team is experiencing with emails sent to us. Regardless of the fact …

  • May 27, 2022

    Executive News: Federal elections begin heating up

    We are less than one month away from the end of the state legislative session. Constitutionally, it has to adjourn sine die no later than 5 p.m. on the last Friday in May. My guess is the members will get out early, but how early is anyone’s guess. They still haven’t reached a budget agreement and you’ll need a minimum …

  • May 27, 2022

    Kansas City Fed president/CEO announces retirement; search committee formed

    Esther George, president and CEO of the Federal Reserve Bank of Kansas City, announced today she intends to retire in January 2023, as required by the Federal Reserve’s mandatory retirement rules for Reserve Bank presidents. George, who began serving as president on Oct. 1, 2011, marked 40 years of service at the Kansas City Fed in April. Consistent with the …

  • May 27, 2022

    FDIC: Banking environment improved last year

    The FDIC released its annual risk review late last week, and pointed out the banking environment improved in 2021 as the economy recovered from a period of economic hardship the year prior. The agency noted financial market conditions “were generally supportive of the economy and banking industry” throughout 2021, though they began to deteriorate with the onset of the Russian …

  • May 27, 2022

    OBA Convention celebrates 1980s

    The 2022 OBA Convention and Trade Show will make its return this month when it will be held on May 18-20 at the Omni Hotel in Oklahoma City. This year’s theme is centered around that decade of decadence, the 1980s, hence our convention name of “The OB80s” Attendees can expect a fun atmosphere, highlighted by the Throwback Thursday fun on …

  • May 24, 2022

    Week of May 23

    In This Issue… FDIC: Banking environment improved last year Did you miss our convention? OBA education corner … FDIC: Banking environment improved last year The FDIC released its annual risk review late last week, and pointed out the banking environment improved in 2021 as the economy recovered from a period of economic hardship the year prior. The agency noted financial …

  • May 24, 2022

    OBA hosts candidate forum

    OKLAHOMA CITY — The Oklahoma Bankers Association hosted 16 candidates who will be on statewide ballots in November, including three gubernatorial opponents, at a forum during its monthly board meeting on Wednesday, Sept. 21. The forum, which took place in the OBA’s Harris Event Center in Oklahoma City, was highlighted by the appearance of Gov. Kevin Stitt, and his Democratic …

  • May 24, 2022

    Check out our 2022 OBA Convention opening video!

    Did you miss our 2022 OBA Convention last week? Well, if so, we missed YOU! We had a grand time celebrating that decade of decadence, the 1980s – or, as we coined it, the OB80s! Here’s a little sneak peek at some of the fun we had — our convention opening video. Look closely, and you’ll see the video features: …