OKBanker Direct

August 2023

• August 2, 2023

  New Kansas City Fed president/CEO named

  The current president and CEO of the Southwestern Graduate School of Banking Foundation at Southern Methodist University has been appointed the next president and CEO of the Kansas City Fed, effective later this month. Jeffrey Schmid, who has served with SWGSB since 2021, will take the reins of the Kansas City Fed on Aug. 21. Schmid succeeds Esther George, who …

July 2023

• July 31, 2023

  Federal court halts Section 1071 implementation

  A Texas federal judge issued an order today for an injunction against the Consumer Financial Protection Bureau’s Section 1071 final rule. The injunction, which came at the request of the American Bankers Association, the Texas Bankers Association and McAllen, Texas-based Rio Bank, is ONLY for member banks of the ABA and/or TBA. Although both trade associations asked for the injunction …
• July 27, 2023

  Congress to vote soon on credit card legislation

  Proponents of the Credit Card Competition Act are trying to latch it on as an amendment to the must-pass National Defense Authorization Act – and pass it quickly before Congress adjourns for an August break. Your senators need to hear from you. Although both Sen. Lankford and Sen. Mullin have opposed this legislation in the past, it’s important to remind …

June 2023

• June 16, 2023

  FDIC updates guidance on multiple re-presentment NSF fees

  The FDIC has updated its Supervisory Guidance on Multiple Re-Presentment NSF Fees to clarify its supervisory approach for action when a law is violated. Since the issuance of the Supervisory Guidance on Multiple Re-Presentment NSF Fees, steps financial institutions have taken to remediate consumer harm associated with re-presentment fees have provided the FDIC with additional data about the amount of …

May 2023

• May 11, 2023

  FDIC issues proposed rule on special assessment

  The Federal Deposit Insurance Corporation Board of Directors today approved a notice of proposed rulemaking, which would implement a special assessment to recover the cost associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank. The FDIC is proposing to collect the special assessment at an annual rate of approximately 12.5 basis points over eight …
• May 4, 2023

  Mobile website available for OBA convention attendees

  Be sure to bookmark our dedicated mobile web page for convention, which includes the schedule, exhibit floor plan, sponsors and more at www.oba.com/convention. Those using iPhones can save the page on their home screen like an app by simply hitting the share button at the bottom of the screen (icon at center that looks like a square with an arrow …

April 2023

• April 3, 2023

  OBA board nominees selected for consideration by membership

  Pursuant to Article V, Section 5.4 of the By Laws of the OBA, notice is hereby given of the slate of nominees that have been selected by each of Board’s nominating committees to serve a three-year term on the Board of Directors. The slate of nominees will be considered by the membership on May 9 at the annual meeting and …

March 2023

• March 16, 2023

  Roundup following week of surrounding Silicon Valley Bank failure

  As we head into the weekend, we wanted to give our members a short roundup of information and stories from this week surrounding the failure of Silicon Valley Bank. • U.S. Treasury Secretary Janet Yellen reassured markets and lawmakers at a Senate Finance Committee on Thursday the federal government is committed to protecting U.S. bank deposits. • Oklahoma Sen. James …
• March 12, 2023

  Media talking points on Silicon Valley Bank failure

  The failure of Silicon Valley Bank this weekend has been well covered in the national media. Local media here in Oklahoma might want to “localize” the story and reach out to our member banks for comment. To assist our banks, we put together some quotes and talking points below they are free to use and share. Also, all our banks …

February 2023

• February 27, 2023

  Contact state legislature about firearms bill

  We need your help! HB 2218 is on the agenda in the House Banking Committee for Monday afternoon. This bill prohibits governmental entities from contracting with financial institutions that discriminate against firearm and firearm accessory manufacturers. We are opposed to this bill for the following reasons: . There are NO banks in Oklahoma discriminating against the firearms industry. . The …