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The second annual Fraud Prevention Conference was held in-person and virtually over three Fridays last month. Hosted by the FBI Oklahoma City Field Office, Oklahoma Insurance Department and Oklahoma County Sheriff’s Office, the Conference was helpful for financial institutions to understand many of the scams targeting their customers, particularly seniors. If you were unable to attend, we were able to …

As mentioned in the July 22 Weekly Update, Commercial New Account Fraud Rears Up in Oklahoma, watch for checks from the Inflation Reduction Act’s Discrimination Financial Assistance Program to be stolen from the mail system and deposited into new accounts opened for the purpose of committing fraud. The application period for the Inflation Reduction Act’s Discrimination Financial Assistance Program ended …

Show off your golfing skills or simply join your banking peers as a social registrant at the 2024 OBA Oktoberfest Golf Tournament on Oct. 21 at Belmar Golf Club in Norman. The tournament fee is $175 and the registration deadline is Oct. 14. The tournament will begin with registration and lunch. Immediately following the tournament, we will hold an awards …

Take note the OBA 2024-25 Emerging Leaders Academy is currently accepting applications. We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around you through …

The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2024 class; additionally, a reminder the process of selecting inductees was updated for last year. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. If a person was …

The Federal Housing Finance Agency and the CFPB released updated loan-level data on Monday, collected through the National Survey of Mortgage Originations. The 2024 release – the first since December 2022 – includes data on three new survey questions first fielded in 2021. The latest survey release shows that 70% of respondents said they were very satisfied with their property …

The FBI Oklahoma City Field Office, Oklahoma Insurance Department and Oklahoma County Sheriff’s Office are holding their second annual Fraud Prevention Conference virtually over three days in July. The conference will be held from 9 a.m.-noon on July 12, July 19 and July 26. The OBA’s Sharon Lewis will be one of the speakers on July 19. This conference is …

We want to extend our thanks to those who have already completed the annual salary survey.  The deadline has been extended to July 5, so we continue to invite banks to join the 2024 Salary & Cash Compensation Survey! This survey collects data on salary and cash compensation (salary + annual cash incentive/bonus + commissions) for approximately 30 executive positions …

The Financial Crimes Enforcement Network received approximately 4.6 million suspicious activity reports in fiscal year 2023, for an average of 12,600 reports a day, the agency said last week in its year-in-review report. The report provides an overview of FinCEN’s collection and use of Bank Secrecy Act data, including its work with law enforcement and national security agencies. Among other …

The U.S. Secret Service is alerting financial institutions to an increase in ATM jackpotting attacks. ATM jackpotting attacks can cause significant loss, and a new type has been seen lately. On June 3, between 2:30-3:30 a.m., suspects in a light blue Chevy Cruze with a temporary tag expiring Aug. 1, 2024, attempted to conduct malware-style jackpotting attacks on drive-up ATMs …