News

The OBA, alongside 51 of its fellow state bankers associations last week, urged the Federal Communications Commission to issue new rules to help stem the flow of illegal texts and calls to consumers. The rules had been scheduled to be considered during the FCC’s meeting on Sept. 26 but were removed from the agenda two days before the meeting. The …

The recent failure of First National Bank, in Lindsay, while tragic, brought an important issue to the forefront of our industry, particularly here in Oklahoma. With previous bank failures in recent years, all depositors were eventually made whole – which also included those over the current $250,000 FDIC limit. With the failure of the Lindsay bank, however, the FDIC has …

The Consumer Financial Protection Bureau today issued its Section 1033 final rule, which deals with personal financial data rights. The rule will require financial institutions, credit card issuers and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request for free. The CFPB believes it will allow consumers to more …

In This Issue… From Adrian’s desk … CFPB finalizes Section 1033 rule OBA, other state bankers associations ask for FCC action on illegal texts FDIC issues press release on The First National Bank of Lindsay OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to …

We are less than a month away from Election Day and it’s getting exciting – there are so many races at the federal level that will determine control of D.C., and that doesn’t even include the presidential election. One would th Adrian Beverage, OBA President and CEOink my entire article one month out would be nothing but election information. Sorry …

The Oklahoma Bankers Hall of Fame today announced the four bankers who will be inducted into its 2024 class later this year. Guy Berry III, Herschel Brewster, Brad Krieger and Gregg Vandaveer will make up the 2024 class. The inductees were selected by a panel of bankers from across the state, and were voted on late last week. The induction …

Led by OBA Chair Alicia Wade, this year’s OBA Annual Washington, D.C., Visit was another resounding success. The Oklahoma contingent was – AGAIN – the largest group from any state to descend upon our nation’s capital. By Megan McGuire Vice President/Member & Government Relations Book a flight … secure a hotel room … adjust family schedule … prepare to be …

The Federal Reserve and Consumer Financial Protection Bureau recently announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2025 are subject to certain protections under Regulation Z, which implements the Truth in Lending Act, and Regulation M, which implements the Consumer Leasing Act. The agencies are required to adjust the thresholds annually based on …

The FDIC board will meet on Thursday to consider extending the compliance deadline for its final rule on the use of the agency’s name and logo by financial institutions. The FDIC last year adopted new requirements regarding the display of the official FDIC sign in banks and bank digital channels, setting a compliance deadline of Jan. 1, 2025. Earlier this …

In This Issue… From Adrian’s desk … FDIC considers extended deadline for rule on use of its signage by banks COBA Oktoberfest Golf Tournament set for next week 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! •     …