Friday, April 20, 2018

OKBanker Direct

Oklahoma Banker Direct

March 2018

  • March 15, 2018

    Senate passes regulatory relief package

    On a vote of 67-31, the U.S. Senate passed its version of regulatory reform for traditional community banks. “This has been a tough fight,” OBA President and CEO Roger Beverage said. “We’ve been working on trying to shape a compromise for more than four years. Yesterday was a huge win for the banking industry, but especially for smaller community banks. …

  • March 9, 2018

    Senate debates S. 2155; Check out Lankford’s incredible speech on Senate floor!

    This week has borne witness to a sometimes comical, sometimes irritating debate on the Senate floor about a bill that will bring regulatory relief to community banks. Much of the opposition to this bill is being led by a former supporter of community banks – Sen. Elizabeth Warren (D-Mass.) – who keeps reading from a list of talking points that …

February 2018

  • February 8, 2018

    Step Up Oklahoma initiative – specifics of plan

    Just another reminder to let your representative or senator know how you feel and what you think about the plan that’s been developed by a group of leading business and civic leaders with the number of individual leaders who also support this program growing day by day. In the OBA Update on Tuesday, we briefly outlined a few of the …

December 2017

  • December 16, 2017

    Senate Banking Committee approves regulatory relief bill

    Late Tuesday afternoon, the Senate Banking Committee voted to advance S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act to the full Senate for consideration. It was a strong bipartisan vote: 16-7, including four of the 11 Democrats on the Committee. “A small group of us began working on this concept about four years ago or so,” said …

November 2017

  • November 15, 2017

    Archive: CFPB Director Cordray leaving position

    Consumer Financial Protection Bureau Director Richard Cordray announced today he will be leaving his position, effective by the end of this month. Cordray, the first director of the CFPB, is thought to be considering a bid as governor of his home state of Ohio in next year’s election, although he has not confirmed this nor launched an official campaign. He …

  • November 1, 2017

    Bad news: Crapo/Brown negotiations fail

    We have now confirmed the ranking member of the Senate Banking Committee, Sherrod Brown (D-Ohio), has walked away from the negotiations with Committee Chairman Mike Crapo (R-Idaho) on a proposed package for regulatory relief aimed at community banks. He did so in spite of his public statements some three weeks ago that progress was being made on a compromise, bipartisan …

October 2017

  • October 26, 2017

    Senate overturns CFPB’s anti-arbitration rule

    The U.S. Senate overturned the Consumer Financial Protection Bureau’s controversial anti-arbitration rule on Tuesday. The vote was 51-50, and it now goes to President Trump for his signature. The vote was along party lines with Republican senators (including Oklahoma Sens. Inhofe and Lankford) voting “yes” and Democratic senators voting “no,” with the exception of two Republican senators – Lindsay Graham …

September 2017

  • September 15, 2017

    Small Business Administration offering hurricane relief

    In Washington this morning, Sen. James Lankford (R-Okla.) asked the OBA if we would be able to help get the word out about the Small Business Administration’s effort to help with the disaster recovery efforts in Texas, Louisiana and Florida. You can click here to see the SBA’s page on disaster assistance. “I assured the senator that Oklahoma bankers would …

  • September 2, 2017

    Hurricane Harvey relief fund initiated

    The Aug. 29 OBA Update carried a report about a joint effort by the Texas Bankers Association and the Independent Bankers Association of Texas to help raise money for the Houston flood. The two banker advocacy groups expressed their heart-felt angst, thoughts and prayers for those communities that have been devastated by the recent hurricane. TBA and IBAT were joined …

July 2017

  • July 25, 2017

    Small-business lending information needed

    Good afternoon everyone. As you know, the CFPB has published its Request for Information that deals with small business lending and the Bureau’s plan to implement the requirements of Sec. 1071 of Dodd-Frank. Those requirements will require your bank to collect HMDA-like data on small business loans. I’ve been included in a meeting at the Bureau on Monday to visit …