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FinCEN exemptive relief ending UDAAP – The long-term risk Speaking of UDAAP: TCF overdrafts update Voicemail, phone call, and email etiquette Loans to candidate campaigns FinCEN exemptive relief ending By John S. Burnett On May 16, FinCEN issued a ruling (FIN-2018-R002) providing a “90-day limited exemptive relief” from the obligations of the Beneficial Ownership Requirements for Legal Entity Customers. The …
August 2018
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August 23, 2018
Take opportunity to know lieutenant governor candidate
The OBA, in its continuing effort this year to let our bankers know more about candidates in important races, wants to share some background on the lieutenant governor race. Last week, we provided an opportunity to meet Republican candidate Matt Pinnell. Today, we wanted to highlight his opponent in the upcoming Republican runoff, Dana Murphy. The below was provided by …
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August 21, 2018
Week of Aug. 21
In This Issue… • Are you signed up for OBA Annual Washington Visit? • Deadline approaching to apply for 2018-19 OBA Emerging Leaders Academy • Save the dates for upcoming major OBA events! • OBA education corner …
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August 20, 2018
Webinar replay on fighting elder abuse available
Recently, the Oklahoma Bankers Association and Oklahoma County Sheriff’s Office joined forces for a webinar concerning elder abuse, including the financial aspects of such abuse. The webinar featured the OBA’s Elaine Dodd, and gave great insight on what banks can do to help fight scams against older Americans. Click here to access the replay of the webinar.
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August 18, 2018
Take opportunity to meet lieutenant governor candidate
The OBA would like to invite all bank employees to a meet and greet with lieutenant governor candidate Matt Pinnell before the Republican run-off election. The event will take place at 1:15-2:30 p.m. on Friday, Aug. 17, at the OBA’s Harris Events Center. This isn’t a fundraiser for Pinnell, it’s an opportunity to ask him about his plan for moving …
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August 14, 2018
Week of Aug. 14
In This Issue… • Are you signed up for OBA Annual Washington Visit? • Webinar on fighting elder abuse replay available • Bankers invited to meet lieutenant governor candidate • Deadline approaching to apply for 2018-19 OBA Emerging Leaders Academy • Wednesday is deadline for submitting Oklahoma Bankers Hall of Fame ballots • OBA education corner …
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August 13, 2018
FBI warns of fraud affecting banks
The following was sent out late last week by the FBI and we felt it important to make sure our bankers receive it: Hello Banking Sector InfraGard Members, Please see the attached Private Industry Notification (PIN) 20180809-001 TLP:AMBER, “Unlimited Operation” Schemes Pose an Immediate Threat to Financial Institutions. PIN 20180809-001 is being distributed to inform partners of an immediate threat …
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August 13, 2018
Bankers invited to meet lieutenant governor candidate
The OBA would like to invite all bank employees to a meet and greet with lieutenant governor candidate Matt Pinnell before the Republican run-off election. The event will take place at 1:15-2:30 p.m. on Friday, Aug. 17, at the OBA’s Harris Events Center. This isn’t a fundraiser for Pinnell, it’s an opportunity to ask him about his plan for moving …
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August 9, 2018
Executive News: Memo to Congress: Please fix marijuana problem!
Earlier this month I met with each of the delegation’s banking legislative assistants to talk about State Question 788 and the practical, day-to-day concerns its passage has created. A broad range of concerns have been created and those concerns are bearing down on OBA-member banks and their customers. What Congress can or will do about it was the topic of …
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August 9, 2018
Stable funds are more important than core funds
By Donald Musso President, FinPro, Inc. The current regulatory framework for funding and liquidity has some material shortcomings. These shortcomings include: the categorization of digitally originated deposits as noncore, the concern over large balance deposits, the concern over municipal deposits and the inclusion of listing services as wholesale deposits. To better assess liquidity risk, banks should establish a matrix that …