Oklahoma Bankers Association We make bankers better!
In This Issue…
- From Adrian’s desk …
- Agencies seek comment on fighting payments fraud
- Service Oklahoma provides updated resources for upcoming ELT issuance
- ABA accepting nominations for Emerging Leader Awards
- United Way Emerging Leaders hosts networking opportunity for young professionals
- OBA education corner …
From Adrian’s desk …
By Adrian Beverage
OBA President & CEO
Just some random tidbits that might be of interest to our bankers this week!
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Over the past week, I attended the funerals of two legends of Oklahoma banking: Steve Burrage and John V. Anderson.
While obviously heartbroken at the passing of these two giants, it was good to see and hear so many people pay their respects.
I encourage everyone to read more about Burrage and Anderson from their respective inductions into the Oklahoma Bankers Hall of Fame.
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Normally, I stick to my love of college sports in this portion of my weekly article, but I’d be absolutely remiss to not tip my hat to the Oklahoma City Thunder. Only one win to go for the state’s first-ever major professional league championship!
Agencies seek comment on fighting payments fraud
The FDIC, Federal Reserve and Office of the Comptroller of the Currency issued on Monday a request for comment on potential actions to help consumers, businesses and financial institutions mitigate risks related to payments fraud, particularly check fraud.
“Because payments fraud may involve multiple institutions and payment methods, no single agency or private-sector entity can address payments fraud on its own,” the agencies said in a joint statement. “Therefore, the agencies are seeking public comment on discrete actions, collectively or independently, to mitigate payments fraud, including check fraud, within their respective bank regulation and payments authorities.”
The agencies are seeking public feedback on five potential areas “for improvement and collaboration.” They are:
- External collaboration among the agencies, Fed Banks and industry stakeholders.
- Consumer, business and industry education by the agencies and Fed Banks related to payments fraud.
- Regulation and supervision to mitigate payments fraud, including opportunities the Fed and FDIC boards may have related to check fraud.
- Payments fraud data collection and information sharing.
- Fed Banks’ operator tools and services to reduce payments fraud.
The agencies added they will also continue looking for additional opportunities to collaborate across other state and federal agencies to mitigate payments fraud.
Service Oklahoma provides updated resources for upcoming ELT issuance
To help you prepare for the implementation of electronic title issuance next month, Service Oklahoma has provided updated resources.
As a reminder, starting July 1, Service Oklahoma will issue titles in an electronic format with limited exceptions noted here. Licensed dealers will continue to receive paper titles by default unless they opt in to electronic titles. The transition to electronic titles does not mandate electronic lien filing. Lienholders will continue to have the option to process lien transactions in person, by mail or electronically.
Updated FAQ
Service Oklahoma updated the Electronic Liens and Titles FAQ to reflect recent questions from stakeholders and the latest process updates. Click here to view or download the updated FAQ.
Quick Reference Training Guide
This guide outlines everything you need to know to process transactions and support your customers. Click here to view the quick reference guide.
New Forms
The Electronic Title Bill of Sale and Title Print Request forms are now available. These documents support key transactions under the new electronic titling process.
Upcoming Q&A
Join Service Oklahoma for its next live Q&A from 3-4 p.m. on Wednesday, June 18. Click here to join at the time of the event.
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If you have questions or need assistance with your OkCARS account, email the Service Oklahoma team at ELTaccounts@service.ok.gov.
ABA accepting nominations for Emerging Leader Awards
The ABA has opened up nominations for its Emerging Leader Awards, to be recognized at the 2025 ABA Convention later this year.
If your bank has a candidate, please review the information below and click here for additional details and the nomination form.
The ABA Emerging Leader Awards identify and recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to the industry and their communities. Developing and guiding future leaders is critical to our industry’s success, as today’s emerging leaders are tomorrow’s decision-makers. The ABA Emerging Leader Awards recognize forward-thinking, adaptable and innovative bankers who inspire and influence others toward achieving a common goal.
Emerging leaders have the desire, capacity and initiative to make significant contributions toward the success of their bank. They are driven to grow as leaders and develop new skills to strengthen both the banking industry and their community.
If this sounds like you, the ABA encourages you to apply! Don’t miss this opportunity to showcase your leadership journey and receive industry recognition.
Application portal will close June 20, 2025.
United Way Emerging Leaders hosts networking opportunity for young professionals
The United Way of Central Oklahoma’s Emerging Leaders is hosting a networking opportunity for numerous young professionals’ groups across the metro from 4:30-6:30 p.m. on Wednesday, June 25 at 74 Sports Kitchen!
If you are interested in attending, to represent your bank and the OBA, as well as to expand your network, sign up through this link by June 23 to attend!
OBA education corner …
The egos of famous musicians can be amusing sometime. Some of us here were at a local vinyl store this weekend and came across this gem from ’70s band Bachman-Turner Overdrive. The addition of the words, “So Far” at the bottom of the greatest hits album tickled our funny bones! While BTO is a perfectly solid band – Takin’ Care of Business and You Ain’t Seen Nothing Yet are staples of any classic rock station – the addition of “S0 Far” when this album was released in 1976 seems a little … overly optimistic? If only we could go back in time and tell them something along the lines of “Mr. Bachman and Mr. Turner, love ya, but I wouldn’t really bank on another round of hits. Just saying!” While you roll on down the highway with Randy Bachman and friends, make sure to be aware of upcoming continuing education opportunities for you and your staff!
- Mastering Participation Agreements: Unlocking Advantages, Managing Risks and Navigating Negotiations, June 24, webinar — Discover the ultimate advantage for both the lead institution and participant institution, and learn how to mitigate risks to protect your interests.
- Dealing with Examiners in an Age of Constant Change: Keys and Tips to Success, June 25, webinar — Everything in the compliance world seems to be changing in 2025. No one really knows what will happen, but regulatory examinations are not going away anytime soon.
- Treasury Management: A Powerful Tool to Increase Deposits and Fee Income, June 26, webinar — This webinar will bring invaluable insight into conducting risk assessments, boosting core deposits and maximizing your marketing efforts.
- Alert! Beneficial Ownership Evolution – New Interim Final Rule, June 27, webinar — During this webinar, learn what you need to know and do for BSA requirements! What stays and what goes for your financial institution.