Oklahoma Bankers Association We make bankers better!
A U.S. District Court judge broadened today a partial injunction, originally issued to the Texas Bankers Association, the American Bankers Association and a Texas-based bank, to now include all banks nationwide subject to the Section 1071 Final Rule. Judge Randy Crane barred the Consumer Financial Protection Bureau from implementing and enforcing the Sec. 1071 Final Rule against all banks and …
October 2023
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October 26, 2023
Federal Reserve proposes new rule, lower debit card fee cap
The Federal Reserve has proposed a new rule regarding debit card interchange fees earned by banks. The rule would lower the cap on these fees and require a new review process biennially. The cap would also be updated every other year, applying to debit card issuers. The ABA and other stakeholders will oppose this proposed new rule. To contact the …
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October 26, 2023
New real estate ownership laws go into effect Nov. 1 – OBA to host Zoom meeting with attorney general’s office
During the last legislative session, there were changes made to Title 60 O.S. § 121 – Alien ownership of Oklahoma real estate. The highlighted section is new law that goes into effect on Nov. 1, 2023. 1. No alien or any person who is not a citizen of the United States shall acquire title to or own land in this …
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October 26, 2023
New real estate ownership laws go into effect Nov. 1 – OBA to host Zoom meeting with attorney general’s office
During the last legislative session, there were changes made to Title 60 O.S. § 121 – Alien ownership of Oklahoma real estate. The highlighted section is new law that goes into effect on Nov. 1, 2023. 1. No alien or any person who is not a citizen of the United States shall acquire title to or own land in this …
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October 25, 2023
October 2023 OBA Legal Briefs
Deposit account questions and answers Other frequently asked questions The OBA Compliance Team fields well over a hundred email messages every month, along with a healthy number of telephone inquiries. This month, our Legal Briefs include a sampling of the emails, which have been anonymized to remove the names of banks and individuals. Deposit account questions and answers. Compiled by …
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October 24, 2023
OBA presents TikTok Time …
Check out the new semi-regular feature in the OBA Update — OBA TikTok Time … ! The OBA created a TikTok account to feature fun, entertaining little video segments that feature our bankers and those who work with them. No, you don’t have a TikTok account to view these short videos as you can navigate directly there just by using the link we provide …
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October 24, 2023
Week of Oct. 23
In This Issue… From Adrian’s desk … New real estate ownership laws go into effect Nov. 1 – OBA to host Zoom meeting with attorney general’s office Banking agencies release CRA regulation changes OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of …
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October 23, 2023
Executive News: Annual Washington Visit went smoothly, successfully
In late September, the OBA made its annual trek to the nation’s capital for the Annual Washington Visit. It was a record-setting trip as there were 100 individuals registered for the visit. This is a record for us and is one of the largest crowds for any state banking association ever. While there were lots of laughs, fellow ship and …
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October 23, 2023
Inductees selected for Bankers Hall of Fame
The 2023 induction class for the Oklahoma Bankers Hall of Fame was unveiled in September. Nevyle Cable, Jim Hamby, Harry Leonard and Ted McGuire will make up the 2023 class and officially be inducted on Dec. 7 at the Oklahoma History Center in Oklahoma City. Nevyle Cable is the longtime president and CEO of First National Bank and Trust Co., …
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October 23, 2023
SAFER Banking Act, FinCEN provide nice news for banks
The U.S. Senate Committee on Banking, Housing and Urban Affairs passed the SAFER Banking Act late last month, which protects financial institutions that provide banking and financial services to cannabis-related businesses. The vote marked the first time the Senate, in any form, has voted in favor of either the SAFER Banking Act, or its predecessor, the SAFE Banking Act. While …