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Banks’ financial conditions are strong and they continue to be ready to “deal with the economic headwinds arising from geopolitical events, higher interest rates and increased inflation,” according to the OCC’s Semiannual Risk Perspective report (.pdf) for spring 2022 issued late last month. The report addresses key topics facing banks, focusing on those that pose threats to safety and soundness …
July 2022
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July 6, 2022
Debit, credit cards still king among payment methods
Debit and credit card transactions continue to lead the way in payments transactions over digital payments alternatives, according to recent research published by J.D. Power. Across all age groups of U.S. consumers in the last three months, 32% turned to their debit card most frequently to pay and 28% used their credit card. Trailing behind cards were ATM withdrawals (12%), …
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July 5, 2022
Week of July 4
In This Issue… Basel releases second consultation on regulatory treatment of cryptoassets Annual Washington Visit set for Oklahoma bankers OBA Emerging Leaders Academy now accepting applications OBA education corner … Basel releases second consultation on regulatory treatment of cryptoassets The Basel Committee on Banking Supervision issued its second consultation on the regulatory treatment of digital assets, including cryptocurrencies, on June …
June 2022
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June 30, 2022
Oklahoma becomes title-holding state Friday: more information for lienholders on new title-holding rules
As we’ve noted in previous Oklahoma Banker Directs, Oklahoma will become a title-holding state starting Friday, July 1. We wanted to take the opportunity to send out information we had sent out previously just to make sure our bankers are prepared for this change. Below are links to the slides of the presentations from the OTC concerning the change, as …
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June 28, 2022
Week of June 27
In This Issue… OBA, ABA, state bankers associations send letter to financial regulators about freedom with business decisions Last opportunity for lienholder training before July 1 Conference of State Bank Supervisors names new president/CEO OBA brings back salary compensation survey Oklahoma Bankers Hall of Fame taking nominations for 2022 inductees OBA education corner … OBA, ABA, state bankers associations send …
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June 24, 2022
CFPB to target credit card fees
CFPB Director Rohit Chopra earlier this week announced an advance notice of proposed rulemaking focusing on credit card late fees. The ANPR reopens a rule that the Federal Reserve Board enacted in 2010 that provides banks with a safe harbor on the amount they can charge when a cardholder pays late and which provided for annual adjustments based on inflation. …
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June 22, 2022
Executive News: Legislature adjourns, to much rejoicing within OBA
Sine die: The two greatest words that anyone involved in state politics can hear. This Latin phrase is defined as “indefinitely, or without a future date set.” The Second legislative session of the 58th legislature is officially over with that phrase. It was my 22nd state legislative session and every one one of them is unique in their own special …
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June 22, 2022
Oklahoma Bankers Hall of Fame taking 2022 nominations
The OBA will be taking nominations for 2022 Oklahoma Bankers Hall of Fame inductees through the middle of July. The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on …
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June 22, 2022
Annual Washington Visit set for Oklahoma bankers
The OBA’s Annual Washington Visit has been scheduled for Sept. 26-28 and the hotel will be the Waldorf Astoria. Besides all the usual – and incredibly useful – meetings with the movers and shakers on Capitol Hill, we will host an “OBA Sports Night” at Walters Sports Bar on the Monday night of the visit, allowing everyone to decompress, enjoy …
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June 21, 2022
Week of June 20
In This Issue… Annual Washington Visit set for Oklahoma bankers Training opportunity for lienholders on Wednesday OBA Emerging Leaders Academy now accepting applications OBA education corner … Annual Washington Visit set for Oklahoma bankers The OBA’s Annual Washington Visit has been scheduled for Sept. 26-28 and the hotel will be the Waldorf Astoria. Besides all the usual – and incredibly …