OKBanker Direct

June 2022

• June 30, 2022

  Oklahoma becomes title-holding state Friday: more information for lienholders on new title-holding rules

  As we’ve noted in previous Oklahoma Banker Directs, Oklahoma will become a title-holding state starting Friday, July 1. We wanted to take the opportunity to send out information we had sent out previously just to make sure our bankers are prepared for this change. Below are links to the slides of the presentations from the OTC concerning the change, as …
• June 8, 2022

  Oklahoma to become title-holding state

  Effective July 1, 2022, Oklahoma will become a title-holding state. The Oklahoma Tax Commission late Tuesday sent us the below “MEMO” with information. PLEASE make sure you read this entire Banker Direct as there is a lot of information to digest. Also, make sure all the appropriate people in your bank receive this email. There are several dates listed below …

May 2022

• May 27, 2022

  Kansas City Fed president/CEO announces retirement; search committee formed

  Esther George, president and CEO of the Federal Reserve Bank of Kansas City, announced today she intends to retire in January 2023, as required by the Federal Reserve’s mandatory retirement rules for Reserve Bank presidents. George, who began serving as president on Oct. 1, 2011, marked 40 years of service at the Kansas City Fed in April. Consistent with the …

April 2022

• April 10, 2022

  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 19 at the annual meeting and …

March 2022

• March 16, 2022

  Nominations open for OBA Board, first vice chair

  Pursuant to Section 5.4 of the bylaws of the Oklahoma Bankers Association, this 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 at the …
• March 16, 2022

  Time to relive the 1980s with OB80s!

  Registration is now open for 2022 OBA Convention! Do you have jams and day-glo shirts in your closet? Do you long for the days of playing Space Invaders and Pac-Man at the local arcade? Are Simple Minds and Thompson Twins blaring out of your car speakers? Is watching Jake Ryan surprise Samantha in front of the church your idea of feel-good movie watching? If any of the answers to the …

January 2022

• January 13, 2022

  Vaccine mandate for large employers blocked by Supreme Court

  Earlier this afternoon, the Supreme Court released its opinion to block the OSHA vaccine or test mandate for large employers. The opinion from the Court can be found by clicking here. The mandate would have impacted some 80 million individuals and required employers with 100 or more employees to ensure their employees were fully vaccinated or to undergo regular testing and …

December 2021

• December 31, 2021

  FDIC chairperson announces resignation

  FDIC Chairperson Jelena McWilliams announced her resignation today via a letter to President Joe Biden. McWilliams, a Republican, was named the 21st chairperson of the FDIC in June 2018 after being appointed by then-President Donald Trump. Her official departure has been set for Feb. 4, with FDIC board member Martin Gruenberg reported to become acting chairman – his third stint …

October 2021

• October 28, 2021

  Budget reconciliation package does not initially contain IRS reporting provision

  The American Bankers Association reported today the Biden Administration and House leaders released the framework and legislative text of the Build Back Better plan. We are pleased to report after reviewing the package it does not contain any language on the ABA, state bankers association, banker and consumer-opposed tax information reporting proposal. Please note, however, the release of the framework and text is …
• October 13, 2021

  Budget reconciliation package likely to include IRS reporting provision

  The American Bankers Association reported that House Speaker Nancy Pelosi (D-Calif.) told reporters Tuesday that Democrats plan to include a controversial tax reporting provision in their budget reconciliation package to require banks to report information to the IRS on gross inflows and outflows on customer accounts above a certain de minimis threshold. Pelosi did not specify what the threshold would …