Wednesday, July 24, 2024

Week of Feb. 14

In This Issue…

Fed releases toolkit on synthetic identity fraud

Synthetic identity fraud, a method where fraudsters create new identities out of pieces of real or fictitious information, has become more prevalent in recent months. With this in mind, the Federal Reserve released a toolkit earlier this month to help banks and consumers mitigate risks associated with this type of fraud.

The toolkit – which is downloadable here – includes downloadable resources explaining the basics of synthetic identity fraud, how fraudsters use synthetic identities and how to identify synthetic identities. The Fed said it will add new resources to the toolkit in the future, including more on synthetic identity fraud detection and mitigation.

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Review your bank’s information for upcoming Directory of Banks

The Oklahoma Bankers Association Directory of Banks is again being produced this year by NFR Communications (formerly BankNews Media). To best serve you, we want to include the most up-to-date and accurate information about your bank, your branches and your staff.

However, we need your help. To ensure we are using the most accurate information, please follow the instructions provided in the letter mailed to your bank last month by NFR Communications. Please review and revise as necessary the financial directory listing for your holding company, your main bank a your branches.

You can also use the login information that was included in the letter to update your listing online or, if needed, download a new form. Completed forms may be returned by email to

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OBA offers Office Depot discount program

With our revitalized core list and additional savings now in place, including the HP Big Deal, now is a great time for your bank to take another look at the OBA’s Office Depot discount program.

If you are interested in comparing your current spending with our program, we are happy to assist. If you are ready to sign up or cost compare, please contact Talitha Searcy at or 512-651-2579 or Thi Pham at or (405) 424-5252.

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OBA welcomes new strategic members

Integrated Payment Services

Integrated Payment Services is a debit/credit card processor based in Oklahoma devoted to assisting banks in building a profitable portfolio, while providing exceptional products, equipment and local service.

Tyler Carson/Dave Miley
1703 E Skelly Dr. Ste 105
Tulsa, OK  74105
Phone: (918) 492-7094, Cell: (918) 402-6766, eFax: (918) 517-3031

American Collection Services
American Collection Services has been assisting the banking industry for 45 years, offering a variety of services: bad-debt collections; overdrafts, loans (individual and commercial), credit reporting and legals to name a few. We are committed to exceeding expectations by delivering superior services in an environment of absolute integrity and unsurpassed professional competence.

Louise Kiper/Brandalyn Apple
3100 SW 59th St
Oklahoma City, OK 73119
Phone: (405) 682-8088 Toll Free: (800) 657-7318

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OBA education corner …

From snow shovels to sun umbrellas, the Oklahoma weather never fails to impress. While trying to figure out what to wear to work this week, take a second to peruse the upcoming education opportunities, including the following:

  • Fair Lending – Understanding the Basics and How to Conduct a Comparative File Review, Feb. 23, webinar — The discussion regarding fair lending issues will be a great refresher for all of your mortgage loan originators.
  • What To Do When A Customer Dies, Feb. 24, webinar — This webinar focuses on the deposit and loan issues that arise when a customer dies.
  • Health Savings Accounts – Annual Update and Review, Feb. 25, webinar — Health Savings Accounts were signed into law over 15 years ago and they still seem to generate more questions than answers. It is pretty amazing the rampant abuse has not disqualified this product. What are the bank’s responsibilities when it comes to correcting mistakes?
  • Loan Denials & Other Adverse Action Notices, March 1, webinar — This webinar will cover the compliance requirements and best practices for Adverse Action Notices under the Equal Credit Opportunity Act and Fair Credit Reporting Act.
  • 2022 Call Report Seminar, March 2, Oklahoma City — This training will cover new accounting and regulatory matters that impact the financial services industry and require reporting changes currently impacting the Call Report and those scheduled to impact the first quarterly filing for March 31, 2022. The impact of the CARES Act with termination pending, and related regulatory interim and final rules resulting from the COVID-19 crisis will be discussed.
  • Consumer Real Estate Loans, March 2, webinar — We will guide lenders and processors through a simple real-estate loan and explain the current compliance rules.
  • Work Appearance, Dress Codes and Employer’s Liability For Being Out Of Fashion, March 7, webinar — This program will cover the practical and legal issues of the current trends in workplace appearance, and what you should and shouldn’t do about them.
  • The Four C’s of Exceptional Supervision, March 8, webinar — This program will ramp up your leadership skills and address critical supervisory issues necessary to becoming an excellent team leader.
  • 2022 Branch Management Workshop, March 23-24, Oklahoma City — This fast-paced, results-oriented series focuses on the critical success skills for managing and leading during this unprecedented time. The two-day workshop is packaged full of checklists, job aids, case studies, examples, and “real world” situations.
  • Opening Business Accounts, March 29-Oklahoma City; March 30-TulsaIn this seminar, participants gain confidence and a clear understanding of the regulatory, compliance, documentation and state law requirements for opening business accounts.

One OBA program to be aware of is the OBA Intern Program. The Intern Program will be active in 2022 and we’re looking for participating banks! For more information on this IMPORTANT program – important not only to aspiring students, but also to participating banks – Contact the OBA education department at (405) 424-5252 or click here for more information!

Finally, save the date for a Women In Banking Forum on March 22, hosted by the Oklahoma City branch of the Federal Reserve Bank of Kansas City, in partnership with the OBA and the Community Bankers Association of Oklahoma. This event is designed to bring together mid- to senior-level women leaders in the financial services and banking industries to deliver experiences and content around banking, leadership and professional development. Learn from and engage with national speakers, industry experts and other attendees through engaging sessions through either an in-person or virtual experience. The Forum will be held at the Embassy Suites in Northwest Oklahoma City, but there is also a Zoom option. Click here for more information!


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