Saturday, June 25, 2022

May 2022

  • May 5, 2022

    Flat Branch Mortgage Services

    Flat Branch Mortgage Services is the Third Party Origination division of Flat Branch Home Loans, a Columbia, MO based mortgage bank. FBMS helps our business partners close loans for their borrowers efficiently and on time. We accomplish this with a full array of loan programs, extensive market knowledge, fulfillment services, in-house loan servicing, Correspondent and Wholesale delivery platforms, an unparalleled …

  • May 3, 2022

    Week of May 2

    In This Issue… CFPB report focuses on financial products Earlybird registration nearing for OBA convention! Contact OBA legal department by phone – email currently down OBA education corner … CFPB report focuses on financial products The CFPB issued a “Supervisory Highlights” report on Monday that focused on recent examiner observations of several financial products. Among other things, examiners flagged issues …

April 2022

  • April 29, 2022

    ABA president/CEO calls CFPB “regulator going rogue”

    A recent American Banker op-ed by ABA president and CEO Rob Nichols criticized CFPB director Rohit Chopra’s controversial practices that have failed to put consumer interests at the forefront of the bureau’s actions. In the op-ed, Nichols addressed the way Chopra lumps certain consumer fees and how it has updated its exam manual in a way that elevates decision-making to …

  • April 29, 2022

    Convergint

    Convergint offers a suite of project delivery tools to ensure that your financial assets, customers, and employees are protected. With a deep understanding of regulatory compliance requirements and internal operations, we deploy scalable solutions to meet the evolving needs of financial institutions. Convergint is committed to partnering with your branch network to optimize security and operational efficiencies while managing costs …

  • April 26, 2022

    Week of April 25

    In This Issue… CFPB to examine non-bank financial institutions Bankers’ Night Out programs wrap up on Wednesday OBA welcomes new strategic member Time to relive 1980s with OB80s convention! OBA education corner … CFPB to examine non-bank financial institutions The Consumer Financial Protection Bureau announced earlier this week it is invoking a largely unused legal provision to examine non-bank financial …

  • April 26, 2022

    Curated Cyber

    Curated Cyber provides vCISO (Virtual Chief Information Security Officer)services, and we specialize in community banking. We help bridge the gap between business, IT, Compliance, and Governance. Our skillsets and deliverables include Strategic & Governance Support through ITSC Meetings and Monthly Meetings. In addition, we create and update your Policies and Risk Assessments,  Education through Information Security Awareness Training, Vendor Management …

  • April 25, 2022

    April 2022 OBA Legal Briefs

    Nacha warranties and old unauthorized ACH debits P2P complaints Fair banking Nacha warranties and old unauthorized ACH debits By John S. Burnett Your bank just wrapped up its investigation of a consumer’s Regulation E claim involving a series of unauthorized ACH debits made by a gymnasium. Your customer, Sam, got a notice that the gym was being closed “temporarily” on …

  • April 25, 2022

    Executive News: OBA events provide forums for candidates

    The past couple of weeks, it’s finally started to feel like an election year. The negative ads are on TV and candidate rumors are swirling all around us. The legislature is running bad pieces of legislation that address problems, which only exist so members can use the vote for nothing more than campaign materials. I’m enjoying this right now, but …

  • April 25, 2022

    OBA Convention set for mid-May

    The Oklahoma Bankers Association 2022 Convention is set for May 18-20 in Oklahoma City, with the Omni Hotel as the host locale. This year’s convention will feature a 1980s theme (OB80s) as we look back on the decade punctuated by garish clothes, fun music and angst-filled movies about teenagers! Things will start in typical fashion on Wednesday, May 18, with …

  • April 22, 2022

    CFPB report shows importance of physical community banks in rural areas

    Consumer Financial Protection Bureau logo

    Many rural communities face challenges with online-banking options and internet access, leading to heavy reliance on physical bank locations. The CFPB reported a data spotlight on April 19 highlighting the challenges faced regarding rural banking access in areas referred to as ‘banking deserts’. The report looks at how the situation of rural banking customers is unique, and outlines the CFPB’s …