Saturday, July 20, 2024

Week of Nov. 28

In This Issue…

Acting Comptroller of the Currency touts banks’ ‘quiet trustworthiness’ during crypto issues

Amid significant volatility in the cryptocurrency markets, as well as an uptick in crypto-related frauds and scams, Acting Comptroller of the Currency Michael Hsu recently praised the “quiet trustworthiness of banks,” and highlighted the OCC’s “careful and cautious” approach to crypto activities by national banks.

Click here to read a transcript of all of Hsu’s comments on Nov. 17 at the Financial Literacy and Education Commission’s public meeting.

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Oklahoma Bankers Hall of Fame induction ceremony set for Dec. 8

The OBA is proud to announce the group of inductees for the Oklahoma Bankers Hall of Fame, with the ceremony set for Dec. 8 in Oklahoma City.

Dr. Sinclair Armstrong Jr., chairman of the board at Armstrong Bank in Muskogee; Shirley Barber, former president and CEO of Security State Bank in Cheyenne and the first female member of the Oklahoma Bankers Association Board of Directors; Robert H. Croak, chairman of the board at FNB Community Bank in Midwest City; and the late John Massey, longtime chairman of the board at First United Bank in Durant, will comprise the fourth group to be inducted into the Hall of Fame, as voted on by a panel of their banking industry peers.

The ceremony will be held over lunch on Dec. 8 at the Oklahoma History Center in Oklahoma City. For those who wish to attend, please RSVP by Nov. 30 to Nancy McKinnis ( or Joan Anderson (

Congratulatory messages and sponsorship opportunity are available: contact Thi Pham ( for more information.

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OBA education corner …

We hope everybody has survived and moved past a tryptophan-induced lethargy after last week’s Thanksgiving feast! While you’re waking yourself up, take the time to prepare for upcoming continuing education opportunities available through the OBA:

  • Anatomy of a Cyber Attack: Ransomware, Dec. 1, webinar — Nearly every ISO and IT manager’s greatest fear is getting THAT phone call – the one where a user says they have a ransom note popping up on their screen. This is one of our greatest fears as well, but with a different spin – getting THAT phone call from a client.
  • Oil and Gas Lending, Dec. 2, webinar — This webinar will provide bankers with a thorough understanding of oil and gas lending, loan documentation, and due diligence. It is a must for any bank that has or is considering loaning against oil and gas loans in its portfolio.
  • Commercial & Business Lending Basics for Support Personnel, Dec. 5, webinar — This webinar is designed to take the “mystery” out of the commercial lending process and the confusing terminology often used by lenders.
  • Understanding the Role of the Notary Public, Dec. 6, webinar — Notaries and others will learn best practices for dealing with issues unique to the financial industry. Help your team know their responsibilities, plus learn basic laws, liability and reviews of various notarial acts.
  • Regulation E: Errors & Disputes, Dec. 8, webinar — This webinar will dissect the Regulation E error resolution requirements in plain English.
  • Regulation B – Small Business Loan Data Collection and Reporting Rules (Section 1071), Dec. 9, webinar — The proposed revisions to Regulation B represent one of the most significant new regulatory events in recent history. All financial institutions, except those that originate less than 25 “covered credit transactions” to “small businesses” in each of the two preceding calendar years, must implement a full compliance management system, including policies, procedures, training and audit.
  • How to Have Courageous Conversations, Dec. 12, webinar — If you could release that fear and build your courage muscles, would you be willing to learn new skills and commit to taking new action?
  • IRS Information Reporting: Rules and Forms, Dec. 14, webinar — Learn about the many forms financial institutions must report, with an emphasis on when and exactly what to report.
  • Seven Habits of Effective Credit Administration, Dec. 15, webinar — This course will address the factors you need to know to make a positive difference in the credit administration at your bank.

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