Oklahoma Bankers Association We make bankers better!
Loans, ECOA, and Noncitizen Discrimination New CRA Final Rule Released Loans, ECOA, and Noncitizen Discrimination By Andy Zavoina To me, this is one of those statements that says it is a warning shot and you need to know where the bullet may drop. This is your opportunity to evaluate the situation and step to the side to avoid injury, if …
December 2023
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December 12, 2023
Four bankers make up 2023 class for Oklahoma Bankers Hall of Fame
The Oklahoma Bankers Hall of Fame inducted its 2023 class – its fifth – today at the Oklahoma History Center in Oklahoma City. Nevyle Cable, with First National Bank & Trust Co., Okmulgee; Jim Hamby, with Vision Bank, in Ada; the late Harry Leonard, a longtime banker and former state banking commissioner; and Ted McGuire, with RCB Bank, in Claremore; …
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December 12, 2023
Week of Dec. 11
In This Issue… From Adrian’s desk … OCC to Congress: Banking system remains sound 2024 holiday closing signs available from OBA OBA TikTok Time … 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 5, 2023
House approves resolution against Section 1071 rule
The House, on Friday, passed a Senate joint resolution to overturn the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act, which requires the collection and reporting of credit application data for small businesses. S.J. Res. 32 had cleared the Senate with bipartisan support in October, and it cleared the House Friday by a vote of 221-202, with most …
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December 5, 2023
FinCEN raises alert on COVID-19 tax credit fraud schemes
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network recently issued an alert to financial institutions concerning fraud schemes related to the COVID-19 Employee Retention Credit (ERC) and is urging vigilance in identifying and reporting related suspicious activity. Ongoing fraud and scams related to the ERC have been identified that, to date, have resulted in 323 investigations involving more than $2.8 …
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December 5, 2023
Week of Dec. 4
In This Issue… From Adrian’s desk … FDIC releases cybersecurity videos for banks Oklahoma Bankers Hall of Fame fifth class set for induction – only few seats left! 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! • …
November 2023
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November 29, 2023
Nondeductible portion of OBA dues calculated
The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2023. The source of the information used to determine this percentage included the Association’s general ledger and an estimate of the percentage of time related to applicable personnel’s involvement with lobbying activities by management of the Association. …
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November 28, 2023
Week of Nov. 27
In This Issue… From Adrian’s desk … FinCEN raises alert on COVID-19 tax credit fraud schemes Oklahoma Bankers Hall of Fame fifth class set for induction – still seats available for ceremony! OBA Intern Program ready for 2024 OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random …
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November 24, 2023
Executive News: Conference highlights local importance of agriculture
I’m throwing everyone a bit of a change-up this month as I’ve elected to cede my column space to our OBA chair, Bryan Cain. Bryan attended the American Bankers Association Agricultural Bankers Conference, which was held here in Oklahoma in the early part of November. I, myself, gave some quick opening remarks on behalf of our state hosting, but then …
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November 24, 2023
Section 1071 injunction extended to all banks
A U.S. District Court judge on Oct. 26 broadened 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 …