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Residential appraisal threshold raised 2019 Oklahoma legislation Watch for new CTR filing instructions Residential appraisal threshold raised By John S. Burnett Agencies issue joint rule The Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have adopted a final rule that increases the threshold for residential real estate transactions requiring an appraisal from …
October 2019
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October 21, 2019
Credit card delinquencies fall as other consumer delinquencies rise
Consumer credit delinquencies were mixed in the second quarter, with delinquencies falling for bank cards (credit cards provided by banks) and rising for the composite index of closed-end loans, according to results from the ABA’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in eight of the 11 categories tracked by ABA while three categories fell. The composite ratio, which tracks …
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October 15, 2019
Week of Oct. 14
In This Issue… Credit card delinquencies fall as other consumer delinquencies rise Bankers’ Night Out events wrap up next week OBA education corner …
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October 11, 2019
Reviewing CFPB’s latest supervisory highlights
The Consumer Financial Protection Bureau recently released its Summer 2019 Supervisory Highlights, which includes key findings from the CFPB’s exams for the most part between December 2018 to March 2019. In each edition, the Bureau chooses the areas where it has seen the most supervisory activity, and for this one, it highlighted auto loan origination, credit card account management, debt …
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October 9, 2019
Oklahoma banks preach patience as Paycheck Protection Program launches
OKLAHOMA CITY — With the COVID-19 pandemic impacting communities and businesses across the state, Oklahoma banks are focused on helping as much as they can. The Paycheck Protection Program will offer some relief to small businesses in Oklahoma as it launches on Friday, April 3. Oklahoma bankers, however, do ask for patience from the public as the program begins. Financial …
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October 8, 2019
Week of Oct. 7
In This Issue… Reviewing CFPB’s latest supervisory highlights Preparing comment letter about FedNow OBA education corner …
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October 4, 2019
Agencies finalize rule raising residential real estate appraisal threshold
On Friday, Sept. 27, federal banking agencies issued a final rule that raises the appraisal threshold for residential real estate transactions to $400,000. The threshold has been at $250,000. The new threshold addresses numerous concerns raised industry stakeholders over the time and cost of appraisals. Under the rule, transactions that qualify for the exemption still need to obtain an evaluation …
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October 1, 2019
Week of Sept. 30
In This Issue… Agencies finalize rule raising residential real estate appraisal threshold SAFE Banking Act will benefit customers Banker op-ed: Lack of interoperability in real-time payments could limit choice OBA education corner …
September 2019
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September 26, 2019
Oklahoma delegation splits on cannabis-related legislation
Last night, we distributed a Banker Direct in which we included the news about the U.S. House of Representatives’ passage of H.R. 1595, the SAFE Banking Act. The bill was placed on the suspension calendar (meaning it was non-controversial) and passed 321-103, with nine members not voting. We were able to access the vote tally late last night and the …
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September 26, 2019
Check out photos from the 2019 Annual Washington Visit!
Check out the 2019 Annual Washington Visit highlights below with several photos from the event! This year’s event was Sept. 15 through Sept. 17, during which bankers from across the state met with the Oklahoma delegation as well as all the regulatory agencies. Additionally, bankers gathered to watch college football and went on an offsite excursion to Mount Vernon.