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The Latest
May 2023
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May 8, 2023
FDIC posits ‘targeted’ coverage might be best option for deposit insurance reform
A “targeted” deposit insurance system in which additional coverage would be extended to business payment accounts would be the best option for balancing financial stability and depositor protection relative to its costs, the FDIC said earlier this week in review of the system. The review, prompted by recent bank failures, considered three options for reforming the Deposit Insurance Fund: The limited …
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April 2023
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April 28, 2023
OBA, other state associations, ABA tout banking industry to Congress
The U.S. banking system remains the deepest and most resilient in the world, and the diversity of banks serving communities across the country continues to be a source of strength for the nation’s economy, the OBA, the American Bankers Association and 50 other state bankers associations said last week in a letter to congressional leaders. The groups noted that while the …
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April 17, 2023
Guide for 2023 HMDA reporting now available to download.
The Federal Financial Institutions Examination Council’s 2023 guide reflects an amendment to the 2020 HMDA rule to make adjustments to loan volume thresholds which are effective Jan. 1, 2023; it is imperative to HMDA reporting. This guide focuses on HDMA data submitted due by March 1, 2024, please click here for more information.
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April 12, 2023
SBA issues final rule, stops 7(a) lender moratorium
The Small Business Administration issued a final rule this week to lift the moratorium on the number of non-depository lenders in the 7(a) program. Through the 7(a) program, banks and other lenders provide loans to underserved small businesses. The number of non-depository institutions in the program has been capped at 14 institutions for decades, but that cap is eliminated under …
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April 3, 2023
ABA Journal reports share of performing mortgages rise in Q4
The report is generated from seven large banks representing 22% of all outstanding residential mortgages. Shows a decrease in foreclosures for the quarter but an increase from the previous year. Servicers initiated 9,166 new foreclosures in the fourth quarter, a decrease from the prior quarter but up from a year ago. Mortgage Metrics Report: Share of performing mortgages rises in …
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Jeremy Cowen, Senior Vice President/Communications
Email: jeremy@oba.com | Phone: Ext. 113
Jeremy has been in charge of the Oklahoma Banker newspaper as well as the OBA website and other member communications since joining the OBA in January 2002. A native of Hartshorne and a 1997 graduate of the University of Oklahoma, he enjoys meeting and talking with the different people he encounters while doing his job. Previously, Jeremy worked as a sports writer in Lawton and, for the four years prior to joining the OBA, Lubbock, Texas, where he decided the town wasn’t big enough for both him and Bobby Knight. When not working, Jeremy loves to hike, read, watch football, baseball and boxing and teach journalism to high school and college students. And, if you ask, there’s a good chance he will regale you with the story about being interviewed on ESPN by Chris Fowler.