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Equifax data breach impacts millions

September 18, 2017

One of the nation's largest credit reporting bureaus sustained a significant data breach late last week, and the breach may have a significant impact on a number of issues, including legislative proposals.

“I'm sure the folks at Equifax are running around in circles trying to understand what happened,” OBA President and CEO Roger Beverage. “But the reality is this huge event is likely to have major repercussions, on a number of fronts, including the current effort in Congress to overturn the (Consumer Financial Protection Bureau's 'arbitration' rule.
“The breach at Equifax is estimated to affect more than143 million Americans. We are told the actual breaches took place from mid-May through the end of July, resulting in the compromise of names, Social Security numbers, birth dates, addresses and perhaps even driver's license information.”

Courtesy the OBA's Elaine Dodd, click "more" below for some links for our OBA bankers to gain more information on the breaches and how it affects them.


Nondeductible portion of OBA dues calculated

BKD, LLP, has performed a calculation representing the nondeductible portion of member dues attributable to lobbying expenditures for the OBA's year ending April 30, 2017.

The source of the information used to determine this percentage included the Association's general ledger and an estimate of the percentage of time related to applicable personnel's involvement with lobbying activities by management of the Association. The OBA has reviewed the details involved in the calculation and have indicated it appears to represent the lobbying expenses for the year ending April 30, 2017.

As a result of these procedures, it has been determined the applicable percentage, as previously described to be 15.92 percent.

If you have any question, please contact Lea Ann Jackson at the OBA.

Annual Washington Visit scheduled

The OBA's Annual Washington Visit has been scheduled for Oct. 1-3 and the hotel will be the Mayflower. Registration information should be hitting your bank shortly, but you can also download the registration and information form, and get more info on the hotel, by clicking here.

If you have any questions, contact Adrian Beverage at the OBA.

Bankers' Night Out events set for autumn

Bankers' Night Out events for the fall season begin later this month. There are six stops scheduled, including a new addition to our regular list of locations: Stillwater.

  • Sept. 19 — Lawton
  • Sept. 21 — Woodward
  • Sept. 26 — Tulsa
  • Sept. 27 — Oklahoma City
  • Oct. 10 — Krebs
  • Oct. 12 — Stillwater

Each event is $40 person and pre-registration is required. Click here to download a registration form.



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