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Don’t ignore the FDCPA regulation coming November 30 (Part 1) New Stuff on Legal Links Don’t ignore the FDCPA regulations By John S. Burnett The Consumer Financial Protection Bureau’s revisions to Regulation F become effective on November 30, 2021, less than a month from now. While on their face the rules in Reg F will apply to debt collectors who …
November 2021
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November 19, 2021
Executive News: Bankers’ Night Out events wrap up autumn season
The first week of this month, we wrapped up our fall Bankers’ Night Out events. We traveled to six different locations across the state and were able to visit with more than 700 bankers. Thanks goes to Miles Pringle with The Bankers Bank, who joined us to talk about everything bitcoin and digital currency. Along with Miles, we covered a …
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November 18, 2021
IRS reporting issue not part of initial budget framework
The Biden Administration and House leaders released the framework and legislative text of the Build Back Better plan in late October, and the package does not contain any language on the tax information reporting proposal opposed by the ABA, OBA and other state bankers associations. Please note, however, the release of the framework and text is only a part of …
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November 18, 2021
80% of borrowers expected to be profitable in 2021 according to Ag Lender Survey
According to the Fall 2021 Agricultural Lender Survey report produced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, better known as Farmer Mac, agricultural lenders expect 80% of their borrowers to be profitable in 2021, with 70% profitable through 2022. The majority of ag lenders (69.7%) said overall farm profitability grew in the previous year for …
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November 17, 2021
OBA robbery training video available; info on ATM jackpotting
As the year barrels toward its end, we listened to our bankers and heard the need for a tool for robbery training. All banks have their own policies, as they should, and those are usually always clearly communicated to staff. To enhance your training, we have recorded a half-hour Zoom training that includes the basics and best practices on which …
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November 16, 2021
Week of Nov. 15
In This Issue… Federal court issues nationwide stay of vaccine mandate 2021 Oklahoma Bankers Hall of Fame ceremony set for Dec. 2 OBA to offer various surveys for bank use in 2022 OBA education corner … Federal court issues nationwide stay of vaccine mandate The ABA Banking Journal has reported a federal appellate court on Friday imposed a nationwide stay …
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November 11, 2021
Consumer Prices Rise in October
According to the U.S. Bureau of Labor Statistics, the Consumer Price Index climbed 0.9% on a seasonally adjusted basis in October. The all-items index has risen by 6.2% in the last year. In October, the food index grew by 0.9%, the same as in September. After climbing 1.2% in September, the index for food at home gained 1.0% in October. The increase …
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November 9, 2021
Week of Nov 8.
In This Issue… Acting comptroller discusses climate change risk Thank you to our Bankers’ Night Out sponsors OBA partners with Office Depot for association member discounts OBA welcomes new strategic member OBA education corner … Acting comptroller discusses climate change risk Acting Comptroller Michael Hsu said this week the OCC expects to handle climate change risk regulation by the end …
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November 4, 2021
99% of consumers give high marks to their bank’s online sectors for second consecutive year
According to a national survey conducted by Morning Consult on behalf of the American Bankers Association, 91% of consumers evaluated their bank’s online and mobile app experience as “outstanding,” “very good,” or “good,” tying last year’s record. Furthermore, 81% of those polled believe that bank innovation and technical advancements are making it easier for all Americans to obtain financial services, demonstrating …