Oklahoma Bankers Association We make bankers better!
The OBA, alongside 51 of its fellow state bankers associations last week, urged the Federal Communications Commission to issue new rules to help stem the flow of illegal texts and calls to consumers. The rules had been scheduled to be considered during the FCC’s meeting on Sept. 26 but were removed from the agenda two days before the meeting. The …
October 2024
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October 24, 2024
Deposits at all institutions should be treated equally
The recent failure of First National Bank, in Lindsay, while tragic, brought an important issue to the forefront of our industry, particularly here in Oklahoma. With previous bank failures in recent years, all depositors were eventually made whole – which also included those over the current $250,000 FDIC limit. With the failure of the Lindsay bank, however, the FDIC has …
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October 23, 2024
CFPB finalizes Section 1033 rule
The Consumer Financial Protection Bureau today issued its Section 1033 final rule, which deals with personal financial data rights. The rule will require financial institutions, credit card issuers and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request for free. The CFPB believes it will allow consumers to more …
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October 22, 2024
October 2024 OBA Legal Briefs
2024 Oklahoma Legislation – Part III (UCC) FAQs regarding account documentation 2024 Oklahoma Legislation – Part III Uniform Commercial Code Amendments By Pauli Loeffler Last legislative session saw the enactment of four Uniform Acts promulgated by the Uniform Law Commission (“ULC”), also known as the National Conference of Commissioners on Uniform State Laws. In the August OBA Legal briefs, I …
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October 22, 2024
Week of Oct. 21
In This Issue… From Adrian’s desk … CFPB finalizes Section 1033 rule OBA, other state bankers associations ask for FCC action on illegal texts FDIC issues press release on The First National Bank of Lindsay OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to …
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October 21, 2024
Executive News: Politics, fraud remain hot topics for bankers
We are less than a month away from Election Day and it’s getting exciting – there are so many races at the federal level that will determine control of D.C., and that doesn’t even include the presidential election. One would th Adrian Beverage, OBA President and CEOink my entire article one month out would be nothing but election information. Sorry …
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October 21, 2024
GSB-University of Wisconsin Madison releases 2025 schools’ schedule
The University of Wisconsin-Madison has released the dates of its 2025 schools, including the Graduate School of Banking, Human Resource Management School, Bank Technology Management School, and more! For the 2024 schedule, click here.
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October 21, 2024
Oklahoma Bankers Hall of Fame picks inductees
The Oklahoma Bankers Hall of Fame today announced the four bankers who will be inducted into its 2024 class later this year. Guy Berry III, Herschel Brewster, Brad Krieger and Gregg Vandaveer will make up the 2024 class. The inductees were selected by a panel of bankers from across the state, and were voted on late last week. The induction …
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October 21, 2024
Leading the Wade
Led by OBA Chair Alicia Wade, this year’s OBA Annual Washington, D.C., Visit was another resounding success. The Oklahoma contingent was – AGAIN – the largest group from any state to descend upon our nation’s capital. By Megan McGuire Vice President/Member & Government Relations Book a flight … secure a hotel room … adjust family schedule … prepare to be …
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October 21, 2024
Agencies announce thresholds for consumer credit, upper-level mortgage loans
The Federal Reserve and Consumer Financial Protection Bureau recently announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2025 are subject to certain protections under Regulation Z, which implements the Truth in Lending Act, and Regulation M, which implements the Consumer Leasing Act. The agencies are required to adjust the thresholds annually based on …