The Oklahoma Bankers Association 2023 Senior Management Conference is scheduled for April 2-4 at the Bellagio in Las Vegas. One of the key benefits in the conference will be talking with your peers. Attendees at the OBA 2022 Senior Management Conference will be surrounded by those with similar titles, similar workloads, similar problems and likely solutions to issues that can be …
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FinCEN posts alert on check fraud through postal service
In light of a nationwide surge in check fraud schemes targeting the U.S. Mail, the Financial Crimes Enforcement Network issued an alert on Monday to financial institutions to be vigilant in identifying and reporting such activity. This alert provided an overview of a recent surge in mail theft-related check fraud, highlighted select redflags to assist financial institutions in identifying and reporting suspicious activity and remindedfinancial …
Read More »Counterfeit savings bonds becoming issue in Oklahoma
SSA Lantz Stuart, with the U. S. Secret Service, one of our federal partners, has shared information that counterfeit U.S. Savings Bonds are being fraudulently negotiated in financial institutions across Oklahoma. He has notified us that losses were large ($176,000) for the impacted banks in Nevada where it originated and nationwide losses are estimated at over $50 million. This activity …
Read More »OBA Fraud department examining transition during upcoming year
As the calendar turned to 2023, it became evident the Oklahoma Bankers Association was going to celebrate an important milestone anniversary this year for one of its employees. Elaine Dodd, the OBA’s resident fraud expert, will have her 20th anniversary at the beginning of October. Hired in 2003, Dodd’s work has surpassed all hopes and expectations the OBA leadership …
Read More »OBA scholarship available for incoming Oklahoma college students
Each year, the OBA 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 winning applicant. …
Read More »ABA: Banks can’t fight check fraud alone
American Bankers Association SVP Paul Brenda relayed to CNBC how check fraud is one of the oldest scams in finance but it is still one of the most pressing. “Banks reported nearly 250,00 cases of check fraud nationwide in 2021,” cited by CNBC. Brenda reported the source of the issue as the inadequacies of the Postal Service to protect the …
Read More »Southwest Oklahoma gets new fraud prevention group
The OBA is proud to report we have a new MAFIA group in Southwest Oklahoma. Detective David Folkert will host the new group at 9:30 a.m. on the third Wednesday of each month. Joy McGill, AARP, will be the speaker at the Feb. 15 meeting and you can be added to the roster to receive intelligence and meeting invitations by …
Read More »OBA Bankers’ Night Out programs ready for spring
The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative …
Read More »New Report Finds Increase in DDOS Attacks Targeting the Financial Services Industry
The continual change of DDoS demonstrates how this is far from over. “Working with our sector’s critical providers like Akamai, who have first-hand knowledge of how DDoS is affecting the financial sector, enables us to arm our members with the understanding and guidance they need to better protect their firms and customers,” said Teresa Walsh, Global Head of Intelligence at …
Read More »Participate in our director compensation survey
The OBA is partnering with Blanchard Consulting Group for the 2023 Director CompensationSurvey, which is currently open for participation! This survey only includes financial institutions and focuses on director compensation for 2022, including meeting fees, committee fees, retainers, equity, benefits and total director compensation. The survey also includes an assessment of chairperson fees and has ten director compensation trends questions. Data …
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