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In This Issue… Fed hints at upcoming rate increase Florida bill requires financial literacy for high school students Banking school scholarships, OBA scholarship, available OBA education corner … Fed hints at upcoming rate increase Federal Reserve Bank of New York President and CEO John Williams recently hinted the Fed is likely to begin raising interests rates at its next meeting, …
February 2022
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February 18, 2022
February 2022 OBA Legal Briefs
Reg E FAQs – Part II Reg E FAQs – Part II By Andy Zavoina Last month I introduced you to the updated Reg E FAQ Guidance issued by the Consumer Financial Protection Bureau (CFPB). The FAQ is a Compliance Aid as defined by the CFPB. It is not a new rule, but guidance on compliance with an existing rule. …
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February 17, 2022
Executive News: Looking ahead to legislative session
We all knew Washington was going to slow down once we were a year out from the 2022 elections. With a 50/50 split in the Senate, and the Democrats holding onto a razor-thin margin in the House, nobody wants to give anyone a victory or perceived victory this close to the elections. While some would argue it’s a good thing …
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February 17, 2022
FDIC announces 2022 priorities
Federal Deposit Insurance Corporation Acting Chairman Martin J. Gruenberg released earlier this month the following statement and summary of the FDIC’s priorities for the coming year: “The FDIC’s core mission is to maintain stability and public confidence in the U.S. financial system. The FDIC carries out this mission through its responsibilities for deposit insurance, banking supervision and the orderly resolution …
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February 17, 2022
PPP borrowers may request review of partly forgiven loans
The Small Business Administration announced early this month it will allow Paycheck Protection Program borrowers to request a loan review by SBA when the lender determines that the borrower is entitled to only partial forgiveness of the PPP loan. Under a procedural notice issued by SBA, when a lender receives a forgiveness remittance from SBA on a loan where only …
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February 16, 2022
OBA offers Office Depot discount program
With our revitalized core list and additional savings now in place, including the HP Big Deal, now is a great time for your bank to take another look at the OBA’s Office Depot discount program. If you are interested in comparing your current spending with our program, we are happy to assist. If you are ready to sign up or …
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February 15, 2022
OBA Bankers’ Night Out programs taking place this spring
The dates for the OBA Bankers’ Night Out programs have been finalized, with the Enid date coming soon. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to …
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February 15, 2022
Week of Feb. 14
In This Issue… Fed releases toolkit on synthetic identity fraud Review your bank’s information for upcoming Directory of Banks OBA offers Office Depot discount program OBA welcomes new strategic members OBA education corner … Fed releases toolkit on synthetic identity fraud Synthetic identity fraud, a method where fraudsters create new identities out of pieces of real or fictitious information, has …
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February 9, 2022
2022 OBA college scholarship available
Each year, the OBA awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the winning applicant. …
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February 8, 2022
Week of Feb. 7
In This Issue… Alvidrez takes over as OBA chair 2022 OBA college scholarship available OBA education corner … Alvidrez takes over as OBA chair We want to inform our membership that, as of today, Amada Alvidrez is current acting chair of the OBA. Alvidrez is regional retail manager of Equity Bank in Guymon and had been currently serving as OBA …