Oklahoma Bankers Association We make bankers better!
On June 26, Oklahoma voters approved State Question 788, which purports to “legalize” the growth, distribution and sale of marijuana for medicinal purposes. A hard-fought campaign between the proponents of the state question and the business community which, in general, opposed the measure that was adopted by a 14-point margin, 57-43 percent. “Oklahoma is now one of 30 states and …
July 2018
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July 11, 2018
OBA seminars scheduled on banking marijuana-related businesses
Register today for the OBA’s initial seminars addressing bankers concerns over the recent legalization of medical marijuana. “Preliminary Considerations for Banking Marijuana-Related Businesses” will take place on Aug. 7 in Oklahoma City and Aug. 8 in Tulsa. Click here for more information and to register for the Oklahoma City seminar. Click here for more information and to register for the Tulsa Seminar. There …
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July 10, 2018
July 2018 OBA Legal Briefs
Reefer madness Update: campaign committee, PAC and political party accounts More on the Beneficial Ownership Rule Policies – Part 2 EGRRCPA and HMDA AML/BSA Q&As Reefer madness By Pauli Loeffler Even before State Question 788 passed, we received a lot of questions about banking marijuana related businesses (“MRBs”) mostly dealing with businesses selling CBD (short for “cannabidiol”) oil, and medical …
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July 10, 2018
Week of July 9
In This Issue… • 2019 OBA convention set: save the dates! • Banks have questions on SQ 788/legalization of medical marijuana • Agencies grant S. 2155 stress-testing exemption to all institutions under $100 billion • CRA reform: We’re asking for your help, please! • Women In Banking conference scheduled for October • OBA education corner …
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July 5, 2018
Clarifying language on ‘five-day rule’
The OBA has received questions from bankers recently related to the mandatory annual five consecutive days of leave rule, particularly in how it relates to holiday days, such as this week’s July Fourth. Here is the response from the OBA’s legal team: 10-5-3. Minimum control elements for bank internal control program All internal control programs adopted by banks shall contain …
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July 3, 2018
Week of July 2
In This Issue… • Clarifying language on ‘five-day rule’ • Answer leadership’s call: OBA Emerging Leaders Academy accepting applications • Emerging Leaders lunch-and-learn scheduled • OBA education corner …
June 2018
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June 28, 2018
2018 OBA Annual Washington Visit scheduled
The OBA’s Annual Washington Visit has been scheduled for Sept. 30-Oct. 2 and the hotel will be the Marriott Marquis Washington D.C. Registration information should be hitting your bank shortly, but you can also download the registration and information form, and get more info on the hotel, by clicking here. If you have any questions, contact Adrian Beverage at the OBA.
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June 26, 2018
Week of June 25
In This Issue… • Answer leadership’s call: OBA Emerging Leaders Academy accepting applications • Deadline for nominations for Oklahoma Bankers Hall of Fame fast approaching • Emerging Leaders lunch-and-learn scheduled • OBA education corner …
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June 25, 2018
June 2018 OBA Legal Briefs
• Deregulation is a reality • Consumer loan dollar amounts adjust July 1 Deregulation is a reality By Andy Zavoina On May 24, 2018, President Trump signed into law, the “Economic Growth, Regulatory Relief and Consumer Protection Act” (the “Regulatory Relief Act,” P. Law 115-174, formerly S. 2155). It eases some of the regulatory restrictions imposed since the financial crisis …
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June 21, 2018
Frauds popping up among Oklahoma banks
They’re back: BEC wire and ACH fraud. Not that they ever went away, but we are seeing a serious uptick in wire fraud that is impacting realtors and abstract companies. The numbers are large (just under $40,000 and just under $300,000, as two examples). Our bankers are doing callbacks as required but the realtors believe they have been given correct …