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Traders are expecting the Federal Reserve to raise interest rates at its meeting later this month. The possibility of a third straight three-quarter point hike looks to be high, according to stories in several media outlets. You can read one, via CNBC, by clicking here.
September 2022
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September 8, 2022
OCC to lower assessments
The Office of the Comptroller of the Currency will lower assessments in 2023 as part of an effort to close the pricing differential between state and federal charter assessments, Acting Comptroller of the Currency Michael Hsu said last week during remarks to the Texas Bankers Association. Effective in March, the agency will make a 40% reduction in assessments for a …
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September 6, 2022
Week of Sept. 5
In This Issue… OCC to lower assessments ‘Banks are safe’ PSAs available from OBA OBA education corner … OCC to lower assessments The Office of the Comptroller of the Currency will lower assessments in 2023 as part of an effort to close the pricing differential between state and federal charter assessments, Acting Comptroller of the Currency Michael Hsu said last …
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September 6, 2022
Executive News: Looking back at runoffs; legislative, regulatory info
This is my favorite time of year. Hopefully, the temperature will start dropping, and most importantly, it’s college football season. We are one game into the season and both OU and OSU are undefeated and positioned to have great seasons. While fa ns of those schools get to enjoy victory after victory, I’ll be in the corner crying as Nebraska’s …
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September 6, 2022
OCC strategic plan to promote community banks
The Office of the Comptroller of the Currency released a strategic plan in early September for fiscal years 2023-2027 that calls on the agency to diversify its workforce, prioritize safeguarding public trust and enhance the implementation of risk-based supervision. The 11-page document also directs the OCC to promote strengthening and modernizing community banks, with a focus on small businesses and …
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September 1, 2022
August 2022 OBA Legal Briefs
COVID coughs up and update FCRA is on the front burner COVID coughs up an update by Andy Zavoina Perhaps your staff is all back in the bank, some are travelling for summer vacation, masks are seen sparsely, and COVID-19 seems to be something viewed only in the rearview mirror. But that does not mean the pandemic is over, or …
August 2022
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August 31, 2022
Mercadien
Mercadien’s Financial Institutions Services Group is dedicated to helping financial institutions across the nation manage risk, maintain compliance and increase profitability with a sophisticated, best-practice approach based on extensive experience and top credentials in the banking and regulatory compliance sectors. The Group provides a multitude of cost-effective services, including outsourced internal audit, regulatory compliance reviews, enterprise risk management, BSA/AML validation, …
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August 30, 2022
Fed to continue pursuing ‘restrictive policy’ to combat inflation
A recent easing in the rate of inflation hasn’t been enough to convince the Federal Reserve to reverse course on raising interest rates, with the Federal Open Market Committee likely to pursue a “restrictive policy stance for some time,” Fed Chair Jerome Powell said at a Jackson Hole, Wyoming, monetary policy conference last week. While higher interest rates and a …
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August 30, 2022
Week of Aug. 29
In This Issue… Fed targets timing for FedNow launch Deadline week approaching for Emerging Leaders Academy OBA education corner … Fed targets timing for FedNow launch The Federal Reserve Banks have narrowed the timing of the FedNow Service launch to mid-year 2023, specifically targeting a production rollout of the service in the May to July timeframe. This further defines the …