Oklahoma Bankers Association We make bankers better!
Various association, including the American Bankers Association, The Bank Policy Institute, Ohio Bankers League filed litigation in late December against the Federal Reserve, challenging aspects of the stress testing framework the Fed uses to establish certain bank capital requirements. The lawsuit is focused on the lack of transparency in the current stress testing process, with the groups challenging the “opaque …
January 2025
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January 7, 2025
Week of Jan. 6
In This Issue… From Adrian’s desk … Fed’s vice chairman for supervision announces retirement National Day of Mourning on Thursday; Fed closed, banks to remain open OBA, ABA to host webinar on national, state legislative issues OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest …
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January 2, 2025
OBA statement on passing of Gene Rainbolt
The Oklahoma Bankers Association, today, mourns the death – but celebrates the life – of prominent banker and Oklahoman Gene Rainbolt. Rainbolt was a leader and legend within the Oklahoma banking community, and truly among ALL Oklahomans as well. He was an inaugural inductee of the Oklahoma Bankers Hall of Fame in 2018, a chair of the OBA in 1970-71 …
December 2024
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December 31, 2024
Week of Dec. 30
In This Issue… From Adrian’s desk … Deepfake technology to impact bank fraud in coming year Associations file suit challenging Fed’s stress-testing framework 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! • • • …
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December 30, 2024
Court hits pause on beneficial ownership registry deadline
The January deadline for covered businesses to register their beneficial ownership information is on hold following a order from the Fifth Circuit Court of Appeals on Dec. 26. On Dec. 23, the Fifth Circuit lifted a nationwide injunction issued by the district court judge earlier this month in a Texas lawsuit challenging the Corporate Transparency Act, which requires covered businesses …
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December 27, 2024
Court hits pause on beneficial ownership registry deadline
The January deadline for covered businesses to register their beneficial ownership information is on hold following a order from the Fifth Circuit Court of Appeals on Thursday. On Monday, the Fifth Circuit lifted a nationwide injunction issued by the district court judge earlier this month in a Texas lawsuit challenging the Corporate Transparency Act, which requires covered businesses to report …
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December 26, 2024
Executive News: Let’s celebrate our newest Hall of Fame inductees
On Dec. 5, the Oklahoma Bankers Hall of Fame inducted four new members. This year’s class included four outstanding bankers who have been – and still are – pillars in the banking industry, their communities and the state of Oklahoma. This group of bankers falls right in line with previous inductees with their storied history and contributions still being made …
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December 26, 2024
FDIC insurance reform: time is NOW
By Alicia Wade Executive Vice President and COO, Sovereign Bank OBA Chair The Federal Deposit Insurance Corporation insurance system, which has long served as a cornerstone of depositor confidence and banking stability, needs reform. With a new wave of leadership on the horizon in Washington, D.C., now is the perfect time to address the growing concerns that threaten the effectiveness …
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December 25, 2024
Court reinstates beneficial ownership registry deadline
The U.S. Court of Appeals for the Fifth Circuit on Monday reinstated the enforceability of the Corporate Transparency Act and lifted the nationwide injunction issued by the district court judge earlier this month. In the process, the court reinstated the Jan. 1, 2025, compliance deadline for most covered businesses to report their beneficial ownership information to the Financial Crimes Enforcement …
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December 24, 2024
Court issues partial injunction against Illinois law restricting interchange fees
A federal judge on Friday ordered a preliminary injunction against enforcement of an Illinois state law restricting interchange fees for national banks and federal savings associations but left the law in effect for Illinois-chartered institutions and credit card networks for now. The order also leaves the law in effect for out-of-state banks and federal credit unions until the court can …