Oklahoma Bankers Association We make bankers better!

February 2023

• February 27, 2023

  Counterfeit savings bonds becoming issue in Oklahoma

  

  SSA Lantz Stuart, with the U. S. Secret Service, one of our federal partners, has shared information that counterfeit U.S. Savings Bonds are being fraudulently negotiated in financial institutions across Oklahoma. He has notified us that losses were large ($176,000) for the impacted banks in Nevada where it originated and nationwide losses are estimated at over $50 million. This activity …
• February 27, 2023

  Contact state legislature about firearms bill

  We need your help! HB 2218 is on the agenda in the House Banking Committee for Monday afternoon. This bill prohibits governmental entities from contracting with financial institutions that discriminate against firearm and firearm accessory manufacturers. We are opposed to this bill for the following reasons: . There are NO banks in Oklahoma discriminating against the firearms industry. . The …
• February 22, 2023

  OBA Fraud department examining transition during upcoming year

  

  As the calendar turned to 2023, it became evident the Oklahoma Bankers Association was going to celebrate an important milestone anniversary this year for one of its employees.       Elaine Dodd, the OBA’s resident fraud expert, will have her 20th anniversary at the beginning of October. Hired in 2003, Dodd’s work has surpassed all hopes and expectations the OBA leadership …
• February 22, 2023

  Counterfeit savings bonds becoming issue in Oklahoma

  SSA Lantz Stuart, with the U. S. Secret Service, one of our federal partners, has shared information that counterfeit U.S. Savings Bonds are being fraudulently negotiated in financial institutions across Oklahoma. He has notified us that losses were large ($176,000) for the impacted banks in Nevada where it originated and nationwide losses are estimated at over $50 million. This activity …
• February 21, 2023

  Week of Feb. 21

  In This Issue… ABA launches website highlighting programs to improve capital access for underserved small businesses Send us your promotions, hires! OBA Bankers’ Night Out programs ready for spring Participate in our director compensation survey OBA education corner … ABA launches website highlighting programs to improve capital access for underserved small businesses The American Bankers Association today launched a new …
• February 15, 2023

  OBA scholarship available for incoming Oklahoma college students

  

  Each year, the OBA awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the winning applicant. …
• February 14, 2023

  February 2023 OBA Legal Briefs

  Signage management SCRA and a new best practice recommended? The child support levy moratorium is over Signage management By Andy Zavoina As we enter the new year, let’s continue from last month on getting the little things squared away so we can focus on a new year of compliance work. Let’s talk about signage requirements. In our main branch we …
• February 14, 2023

  Week of Feb. 13

  In This Issue… Fed governor doesn’t want to direct business strategies for banks OBA scholarship available for incoming Oklahoma college students Bankers at state capitol: Register for OBA’s Contact Banker Program OBA education corner … Fed governor doesn’t want to direct business strategies for banks The Federal Reserve’s role as a banking supervisor is not to replace a bank’s management …
• February 10, 2023

  ABA: Banks can’t fight check fraud alone

  

  American Bankers Association SVP Paul Brenda relayed to CNBC how check fraud is one of the oldest scams in finance but it is still one of the most pressing. “Banks reported nearly 250,00 cases of check fraud nationwide in 2021,” cited by CNBC. Brenda reported the source of the issue as the inadequacies of the Postal Service to protect the …
• February 9, 2023

  Executive News: OBA casts wary eye as state legislative session starts

  Here we go, it’s time for another legislative session in Oklahoma City. The 1st Session of the 59th Oklahoma Legislature convened at noon on Monday, Feb. 6. Gov. Kevin Stitt kicked off the start of session by delivering his State of the State address. We’ll breakdown the governor’s speech and what he wants to accomplish this upcoming session later in …