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The Consumer Financial Protection Bureau issued a request for information seeking on ways to create a regulatory environment that expands access to credit and ensures consumers and communities are protected from discrimination in all aspects of credit transactions. The bureau issued the RFI in lieu of a symposium it planned to host this fall on issues related to the Equal …

The OBA’s Elaine Dodd conducted a banking fraud webinar in partnership with the Oklahoma Insurance Department and AARP Oklahoma as a part of the series, Hoodwinked: A Fraud Conference. Topics covered included: credit/debit cards, checking/savings, money mules, social engineering, sim swapping and pandemic scams. Bankers and/or customers should click here to view the webinar recording.

The Federal Reserve announced on July 15 that it would extend a temporary exemption from Regulation O to allow bank directors and shareholders to receive Paycheck Protection Program loans from their related banks. Reg O generally limits lending activity to bank directors, shareholders, officers and businesses owned by these persons. The exception—which applies only to PPP loans—will be extended through …

Longtime OBA President and CEO Roger Beverage filmed a special video webcast message to share with all Oklahoma bankers. It can be viewed by clicking through the link below. If you do not have audio and/or video capabilities on your computer, you can download the transcript of his message by clicking here (.pdf).

ABA President and CEO Rob Nichols recently shared an update and info to all bank CEOs on the Paycheck Protection Program.   To all bank CEOs – I’m writing to provide a quick update on the SBA’s Paycheck Protection Program, which both expired and was revived last week. Data Released. In response to calls from Congress for greater transparency, the …

Developed to help local businesses across the state overcome the economic challenges of COVID-19, the Oklahoma Business Relief Program offers vital funding for businesses that have suffered revenue loss due to the pandemic.   Gov. Kevin Stitt has designated $50 million in Federal CARES Act funds for the program.  Starting Monday, June 29, Oklahoma businesses can request to apply for OBRP …

The OBA will be taking nominations for 2020 Oklahoma Bankers Hall of Fame inductees through the middle of July. The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on …

The Oklahoma Bankers Association and the Oklahoma State Election Board held a joint press conference on June 5 to announce a plan for banks across the state to offer free absentee voting services to all Oklahoma voters. “Community banks across Oklahoma are excited for the opportunity to make absentee voting easier for all Oklahomans,” OBA Chief of Staff/EVP Adrian Beverage said. …

The following information comes courtesy the ABA: The Small Business Administration late Friday night released much-anticipated interim final rules describing the loan forgiveness process, as well as lenders’ and borrowers’ responsibilities, for the Paycheck Protection Program. For PPP loans to be forgiven under the rules, lenders must confirm they received the borrower certifications in the loan forgiveness application form and …

Banks in Oklahoma have responded to #COVID19 by standing by communities and serving as a critical delivery system for government relief. The most gratifying response has come from customers. See more ways #AmericasBanks are helping: https://bit.ly/2X31zlU #OKBanksAreHelping