Oklahoma Bankers Association We make bankers better!
As the year barrels toward its end, we listened to our bankers and heard the need for a tool for robbery training. All banks have their own policies, as they should, and those are usually always clearly communicated to staff. To enhance your training, we have recorded a half-hour Zoom training that includes the basics and best practices on which …
November 2021
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November 16, 2021
Week of Nov. 15
In This Issue… Federal court issues nationwide stay of vaccine mandate 2021 Oklahoma Bankers Hall of Fame ceremony set for Dec. 2 OBA to offer various surveys for bank use in 2022 OBA education corner … Federal court issues nationwide stay of vaccine mandate The ABA Banking Journal has reported a federal appellate court on Friday imposed a nationwide stay …
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November 11, 2021
Consumer Prices Rise in October
According to the U.S. Bureau of Labor Statistics, the Consumer Price Index climbed 0.9% on a seasonally adjusted basis in October. The all-items index has risen by 6.2% in the last year. In October, the food index grew by 0.9%, the same as in September. After climbing 1.2% in September, the index for food at home gained 1.0% in October. The increase …
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November 9, 2021
Week of Nov 8.
In This Issue… Acting comptroller discusses climate change risk Thank you to our Bankers’ Night Out sponsors OBA partners with Office Depot for association member discounts OBA welcomes new strategic member OBA education corner … Acting comptroller discusses climate change risk Acting Comptroller Michael Hsu said this week the OCC expects to handle climate change risk regulation by the end …
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November 4, 2021
99% of consumers give high marks to their bank’s online sectors for second consecutive year
According to a national survey conducted by Morning Consult on behalf of the American Bankers Association, 91% of consumers evaluated their bank’s online and mobile app experience as “outstanding,” “very good,” or “good,” tying last year’s record. Furthermore, 81% of those polled believe that bank innovation and technical advancements are making it easier for all Americans to obtain financial services, demonstrating …
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November 4, 2021
Cryptocurrency, ransomware make for dangerous combination
It’s hardly shocking increased use and recognition of cryptocurrency creates new opportunities and challenges for banks. What might surprise you, though, is exactly how the emergence of virtual currency is leaving financial institutions more vulnerable to an all-too-common problem: ransomware. According to the Financial Crimes Enforcement Network, the total U.S.-dollar value of ransomware-related transactions reported during the first half of 2021 …
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November 2, 2021
Week of Nov. 1
In This Issue… OBA dues invoices being sent this week 2022 Reg. Z dollar thresholds announced CFPB issues guidance to assist with Reg. F compliance OBA education corner … OBA dues invoices being sent this week The annual dues invoices from the OBA are being sent to all our member banks this week. Strategic member dues invoices are also being …
October 2021
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October 28, 2021
Proposed Rulemaking to Rescind the OCC’s June 2020 CRA Rule
The Office of the Comptroller of the Currency (OCC) responded to commonly asked questions (FAQ) about a notice of proposed rulemaking seeking public comment on a plan to revoke the OCC’s Community Reinvestment Act (CRA) regulation, which was issued on June 5, 2020. (June 2020 CRA rule). The notice, which was published in the Federal Register on September 17, 2021, …
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October 28, 2021
Budget reconciliation package does not initially contain IRS reporting provision
The American Bankers Association reported today the Biden Administration and House leaders released the framework and legislative text of the Build Back Better plan. We are pleased to report after reviewing the package it does not contain any language on the ABA, state bankers association, banker and consumer-opposed tax information reporting proposal. Please note, however, the release of the framework and text is …