News

The Oklahoma Bankers Association, today, mourns the death – but celebrates the life – of prominent banker and Oklahoman Gene Rainbolt. Rainbolt was a leader and legend within the Oklahoma banking community, and truly among ALL Oklahomans as well. He was an inaugural inductee of the Oklahoma Bankers Hall of Fame in 2018, a chair of the OBA in 1970-71 …

In This Issue… From Adrian’s desk … Deepfake technology to impact bank fraud in coming year Associations file suit challenging Fed’s stress-testing framework OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our bankers this week! •        •         • …

The January deadline for covered businesses to register their beneficial ownership information is on hold following a order from the Fifth Circuit Court of Appeals on Dec. 26. On Dec. 23, the Fifth Circuit lifted a nationwide injunction issued by the district court judge earlier this month in a Texas lawsuit challenging the Corporate Transparency Act, which requires covered businesses …

The January deadline for covered businesses to register their beneficial ownership information is on hold following a order from the Fifth Circuit Court of Appeals on Thursday. On Monday, the Fifth Circuit lifted a nationwide injunction issued by the district court judge earlier this month in a Texas lawsuit challenging the Corporate Transparency Act, which requires covered businesses to report …

On Dec. 5, the Oklahoma Bankers Hall of Fame inducted four new members. This year’s class included four outstanding bankers who have been – and still are – pillars in the banking industry, their communities and the state of Oklahoma. This group of bankers falls right in line with previous inductees with their storied history and contributions still being made …

By Alicia Wade Executive Vice President and COO, Sovereign Bank OBA Chair The Federal Deposit Insurance Corporation insurance system, which has long served as a cornerstone of depositor confidence and banking stability, needs reform. With a new wave of leadership on the horizon in Washington, D.C., now is the perfect time to address the growing concerns that threaten the effectiveness …

The U.S. Court of Appeals for the Fifth Circuit on Monday reinstated the enforceability of the Corporate Transparency Act and lifted the nationwide injunction issued by the district court judge earlier this month. In the process, the court reinstated the Jan. 1, 2025, compliance deadline for most covered businesses to report their beneficial ownership information to the Financial Crimes Enforcement …

A federal judge on Friday ordered a preliminary injunction against enforcement of an Illinois state law restricting interchange fees for national banks and federal savings associations but left the law in effect for Illinois-chartered institutions and credit card networks for now. The order also leaves the law in effect for out-of-state banks and federal credit unions until the court can …

In This Issue… Happy holidays from us! From Adrian’s desk … Court reinstates beneficial ownership registry deadline Court issues partial injunction against Illinois law restricting interchange fees Agencies release annual asset-size thresholds for CRA regulations OBA education corner … Happy holidays from us! Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our …

The American Bankers Association and a group of trade associations appealed a recent Texas federal court decision holding that the Consumer Financial Protection Bureau’s Section 1071 final rule did not exceed the bureau’s authority or violate the APA. The associations also moved the Fifth Circuit for a stay pending appeal. Section 1071 of the Dodd-Frank Act amended the Equal Credit …