Saturday, May 25, 2024

OKBanker Direct

March 2024

  • March 30, 2024

    Preliminary injunction issued against new CRA rules

    A federal judge in Texas issued a preliminary injunction on Friday against the enforcement of revised rules implementing Community Reinvestment Act. The American Bankers Association, the Independent Community Bankers of America, the U.S. Chamber of Commerce, the Texas Bankers Asociation, alongside three other national and state associations, sued banking agencies in February for exceeding their statutory authority with their recent amendments to …

  • March 29, 2024

    Nominations open for OBA Board, first vice chair

    Pursuant to Section 5.4 of the bylaws of the Oklahoma Bankers Association, this Banker Direct will serve as official notice of the process of selecting members of the board of directors of the Association. There are six board nominating committees, each of which will select a banker to replace the board member whose term on the OBA’s board will expire …

  • March 22, 2024

    Agencies extend applicability date of certain provisions of CRA final rule

    Federal bank regulatory agencies jointly issued an interim final rule on Thursday that extends the applicability date of certain provisions in their Community Reinvestment Act final rule issued in October 2023. The agencies also requested comment on the extension. The agencies extended the applicability date of the facility-based assessment areas and public file provisions from April 1, 2024, to Jan. 1, 2026. …

  • March 11, 2024

    OBA-introduced ACRE bill passes state House, moves to Senate

    HB 4092, Rep. Trey Caldwell’s state-level ACRE bill, passed the full House and is now headed to the Senate in the hands of Sen. Darcy Jech. We will keep you posted on this OBA-introduced bill and its progress through the process. Thank you to all who reached out and contacted your state representative about this important bill. More about HB 4092 (the …

  • March 8, 2024

    Ask your state representative to vote ‘yes’ on ACRE Act

    The ACRE Act (HB 4092) is up for a vote in the State House of Representatives any day now. We need your help! Please call your State Representative and ask them to vote YES on HB 4092. What does the ACRE Act actually do? • The ACRE Act will lower the cost of credit by removing the taxation on interest …

January 2024

  • January 11, 2024

    Oklahoma Department of Commerce to host virtual meeting for input from bankers

    The Oklahoma Department of Commerce will hold a virtual meeting on Jan. 17 to gain input from banks and lenders on a future solicitation to restructure its State Energy Office energy efficiency loan program. ODOC is hosting the meeting as part of the earlier Request for Information it made. The Department wants to share the importance of energy audits, and how …

December 2023

  • December 20, 2023

    President vetoes resolution against Section 1071 rule

    In a move widely considered to be expected, President Biden vetoed S.J. Res. 32 on Tuesday night, which would have ended the Consumer Financial Protection Bureau’s Section 1071 rule. S.J. Res. 32 was a bipartisan resolution, which passed the Senate in October and the House of Representatives just a few weeks ago. It would have overturned the CFPB’s final rule implementing …

  • December 5, 2023

    House approves resolution against Section 1071 rule

    The House, on Friday, passed a Senate joint resolution to overturn the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting of credit application data for small businesses. S.J. Res. 32 had cleared the Senate with bipartisan support in October, and it cleared the House Friday by a vote of 221-202, with most …

November 2023

  • November 1, 2023

    More info on new real estate laws concerning alien ownership …

    We wanted to pass along new and updated information from the Oklahoma attorney general’s office in regard to Senate Bill 212, which concerns alien ownership of Oklahoma real estate. After further review, we have updated the interpretation of the new law, in regards to what deeds in which the affidavits are required. The affidavit is only required for deeds transferring …

October 2023

  • October 26, 2023

    Section 1071 injunction extended to ALL banks

    A U.S. District Court judge broadened today a partial injunction, originally issued to the Texas Bankers Association, the American Bankers Association and a Texas-based bank, to now include all banks nationwide subject to the Section 1071 Final Rule. Judge Randy Crane barred the Consumer Financial Protection Bureau from implementing and enforcing the Sec. 1071 Final Rule against all banks and …