We have set the dates for the 2024 Contact Banker Program. Click here to find a sign-up form with the dates for this year’s program. Please select dates that work best for you and return you form to megan@oba.com. Once we have the groups finalized, we will send an email confirmation for your date. On the date you select, there will be a …

Each year, the Oklahoma Bankers Association awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the …

The Oklahoma Department of Commerce will hold a virtual meeting on Jan. 17 to gain input from banks and lenders on a future solicitation to restructure its State Energy Office energy efficiency loan program. ODOC is hosting the meeting as part of the earlier Request for Information it made. The Department wants to share the importance of energy audits, and how …

In a move widely considered to be expected, President Biden vetoed S.J. Res. 32 on Tuesday night, which would have ended the Consumer Financial Protection Bureau’s Section 1071 rule. S.J. Res. 32 was a bipartisan resolution, which passed the Senate in October and the House of Representatives just a few weeks ago. It would have overturned the CFPB’s final rule implementing …

The Oklahoma Bankers Hall of Fame inducted its 2023 class – its fifth – today at the Oklahoma History Center in Oklahoma City. Nevyle Cable, with First National Bank & Trust Co., Okmulgee; Jim Hamby, with Vision Bank, in Ada; the late Harry Leonard, a longtime banker and former state banking commissioner; and Ted McGuire, with RCB Bank, in Claremore; …

The House, on Friday, passed a Senate joint resolution to overturn the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting of credit application data for small businesses. S.J. Res. 32 had cleared the Senate with bipartisan support in October, and it cleared the House Friday by a vote of 221-202, with most …

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network recently issued an alert to financial institutions concerning fraud schemes related to the COVID-19 Employee Retention Credit (ERC) and is urging vigilance in identifying and reporting related suspicious activity. Ongoing fraud and scams related to the ERC have been identified that, to date, have resulted in 323 investigations involving more than $2.8 …

The OBA offers scholarship opportunities to member bankers pursuing the University of Wisconsin-Madison’s Graduate School of Banking and the GSB Human Resource Management School. For more information regarding scholarships, click here.

The OBA will be purchasing several Certificates of Deposit for investment soon. All interested banks are encouraged to contact us. The certificates will range from 90 days to 24 months, and most will be in the amount of $245,000 – to be funded the last week of November. Interested banks should contact Kathryn Donovan in the OBA accounting department: kathryn@oba.com.

The Consumer Financial Protection Bureau, Federal Reserve and Office of the Comptroller of the Currency announced on Monday the 2024 threshold for whether higher-priced mortgage loans are subject to special appraisal requirements will increase from $31,000 to $32,400. At the same time, the Fed and CFPB announced an increase in the dollar thresholds used to determine whether certain consumer credit and …