Wednesday, November 20, 2019

OKBanker Direct

Oklahoma Banker Direct

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 …

May 2017

  • May 16, 2017

    Archive: URGENT REQUEST: Please contact your congressman about pulling Durbin Amendment bill from CHOICE Act

    On May 4, the House Financial Services Committee approved H.R. 10, the Financial CHOICE Act. The vote was strictly along party lines, 34-26. One of its provisions will repeal the harmful Durbin Amendment. It’s possible H.R. 10 will be brought up by the House leadership and considered on the House floor next week during the OBA Convention in Norman. We know the …

  • May 2, 2017

    Archive: CHOICE Act mark-up is underway

    This morning, the House Financial Services Committee began considering H.R. 10, the Financial CHOICE Act. Introduced by House Financial Services Chairman Jeb Hensarling (R-Texas), H.R. 10 is the chairman’s vision of the effort to “repeal and replace” Dodd-Frank. The Independent Community Bankers of America is having its annual ICBA Capital Summit in Washington, D.C., right now, and we want to …

April 2017

  • April 26, 2017

    Archive: Immediate action needed on Senate Bill 291

    Late Tuesday, Senate Bill 291 was added to the House Floor calendar and could possibly be heard today or Thursday. SB 291 is a bad bill for banking! This bill makes the necessary changes to allow Green-Energy PACE Home Loans. These loans are currently under scrutiny from federal regulators and Congress. Current Oklahoma law states that these loans are junior …