OKBanker Direct

December 2024

December 4, 2024
Judge issues injunction blocking enforcement of beneficial ownership reporting rule

A federal judge in Texas has issued a preliminary injunction to block enforcement of the requirement for businesses to report their beneficial owners to the Financial Crimes Enforcement Network. The injunction comes less than a month before the requirement’s Jan. 1 deadline. It states covered companies nationwide do not need to comply with the Jan. 1 reporting deadline, unless a …

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 …

September 25, 2024
Four bankers to make up 2024 class for Oklahoma Bankers Hall of Fame

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 …

July 11, 2024
Oklahoma Bankers Hall of Fame accepting nominations for 2024

The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2024 class; additionally, a reminder the process of selecting inductees was updated for last year. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. If a person was …

May 16, 2024
Supreme Court opines CFPB funding structure is constitutional

Earlier this morning, the U.S. Supreme Court released its opinion stemming from a recent case that the funding structure of the Consumer Financial Protection Bureau is constitutional. The Court’s decision came in a case involving Community Financial Services Association of America. Still pending, however, is the American Bankers Association and Texas Bankers Association’s Sec. 1071 Final Rule suit that both …
May 13, 2024
Mobile website available for OBA convention attendees

Be sure to bookmark our dedicated mobile web page for convention, which includes information on the golf tournament, the overall convention schedule, exhibit floor plan, sponsors and more at www.oba.com/convention. Those using iPhones can save the page on their home screen like an app by simply hitting the share button at the bottom of the screen (icon at center that …

April 22, 2024
OBA board nominees selected for consideration by membership

Pursuant to Article V, Section 5.4 of the By Laws of the OBA, notice is hereby given of the slate of nominees that have been selected by each of the Board’s nominating committees to serve a three-year term on the Board of Directors. The slate of nominees will be considered by the membership on May 14 at the annual meeting …
April 10, 2024
Court injunction blocks CFPB credit card late fee rule

A preliminary injunction that blocks the Consumer Financial Protection Bureau’s credit card late fee rule from taking effect was issued earlier today. A federal judge in Texas issued the injunction, which stops the CFPB’s rule from starting as planned on Tuesday. The ruling came in the case brought by the American Bankers Association, the U.S. Chamber of Commerce and other …

March 30, 2024
Preliminary injunction issued against new CRA rules

A federal judge in Texas issued a preliminary injunction on Friday against the enforcement of revised rules implementing Community Reinvestment Act. The American Bankers Association, the Independent Community Bankers of America, the U.S. Chamber of Commerce, the Texas Bankers Asociation, alongside three other national and state associations, sued banking agencies in February for exceeding their statutory authority with their recent amendments to …
March 29, 2024
Nominations open for OBA Board, first vice chair

Pursuant to Section 5.4 of the bylaws of the Oklahoma Bankers Association, this Banker Direct will serve as official notice of the process of selecting members of the board of directors of the Association. There are six board nominating committees, each of which will select a banker to replace the board member whose term on the OBA’s board will expire …

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