Oklahoma Bankers Association We make bankers better!
In This Issue…
- From Adrian’s desk …
- Regulators issue final rule on revisions to Community Bank Leverage Ratio Framework
- Western Oklahoma ATMs hit with jackpotting attacks
- First Friday Fraud Forum on tap this week
- OBA Convention time is near! Register today
- 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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We’re edging ever closer to adjournment at the state Capitol. Just saying those words with the calendar still turned to April amazes me!
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Last week, the Department of Justice and the Drug Enforcement Administration announced they reclassified marijuana and marijuana products regulated by state medical licenses as Schedule III drugs. This places marijuana into the same classification as codeine Tylenol, for example.
Unfortunately, this will not have much effect on banks as marijuana remains illegal at the federal level, regardless of state laws or any rescheduling. Maybe, though, it will set the stage for further loosening of rules down the line?
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A 4-0 week, including a sweep of Iowa, kept my Nebraska softballers rolling. It wasn’t enough, however, to hold onto the top spot in the ranking however, as Oklahoma regained it after a sweep of a top-15 Georgia team (Iowa is a middling .500 squad in comparison). How fun would it be to see the two teams match up in Oklahoma City in a few weeks?!
Regulators issue final rule on revisions to Community Bank Leverage Ratio framework
Federal regulators issued a joint final rule last week that will “lower the community bank leverage ratio from nine percent to eight percent, which will provide more flexibility for community banks to opt into the framework.”
The final rule, which goes into effect on July 1, takes into account the unique business models and risk profiles of community banks.
Specifically, the final rule:
- Lowers the CBLR requirement from 9% to 8%, which would allow more community banks to qualify for the CBLR framework.
- Extends the grace period from two quarters to four quarters, in order to provide additional time for community banks to either satisfy the definition of a qualifying community banking organization under the CBLR framework, or to achieve compliance with risk-based capital requirements.
- Limits a community bank to using the grace period for a maximum of eight out of the prior 20 quarters.
- Encourages broader adoption of the CBLR framework, while maintaining strong capital standards and enabling banks that opt into the CBLR framework additional capacity to increase lending in their communities.
Western Oklahoma ATMs hit with jackpotting attacks
We’ve just been alerted this morning that several ATMs in western and northwestern Oklahoma were hit by jackpotting attacks over the weekend.
We’ll continue gathering information, but in the meantime, please refer to this OBA article from a few months ago for information on this type of attack. If your bank’s ATMs are ever targeted, please email Sharon at the OBA!
First Friday Fraud Forum on tap this week
Calling all fraud fighters – mark your calendar for 10 a.m. Friday!
In an attempt to communicate fraud trends to our member banks in all areas of the state, we hold monthly “First Friday Fraud Forum” virtual meetings via Zoom. These meetings are for OBA members only. We will cover information on the latest fraud trends affecting our banks.
Any banker who wants to attend an in-person meeting can join one of the “MAFIA” meetings held in Durant, Lawton, Miami, Oklahoma City, Stillwater or Tulsa.
For this Friday’s call, click here for the Zoom link. The Meeting ID is 864 7285 5549 and the passcode is 351548. The dial-in information for those without Zoom audio is 1-346-248-7799
OBA Convention time is near! Register today
The Mother Road is calling your name, but we at the OBA would love to see you take a quick detour off of Route 66 during its centennial celebration this year to visi
t us for “Route 2026” – our annual OBA Convention!
Join us in Oklahoma City this May for the can’t-miss event of the year—packed with valuable sessions, networking, and a chance to reconnect with Oklahoma’s banking community. Whether you’re looking to expand your knowledge or simply enjoy a great time with fellow professionals, this event has something for every banker.
This year’s event will feature chats with FDIC Chairman Travis Hill, as well as visits with Oklahoma gubernatorial candidates Gentner Drummond and Charles McCall III!
The connections are real, the conversations are waiting and your name tag is practically begging for a lanyard. We may not have the same kitschy roadside attractions as Route 66 (blue whales, buried Cadillacs and round barns!), but we do have the ultimate gathering this side of the Golden Driller! Register now to secure your spot!
OBA education corner …
Some of braved the windy weather of West Texas to watch George Strait in concert this past weekend! From Amarillo by Morning to Does Fort Worth Ever Cross Your Mind, the hits were played to a massive crowd … and if you believe that crowd wasn’t enraptured by the great music, we’ve got some Ocean Front Property in Arizona to sell! While reveling in the music of King George, make sure to keep up with what’s happening on the continuing education front, including the following:
- Debit Cards – Everything You Need To Know, May 5, webinar — This session provides a comprehensive overview of the regulatory compliance requirements tied to issuing, servicing and overseeing the institution’s debit card program, along with key internal control practices and practical fraud prevention strategies.
- Branch Manager Best Practices: Leading An Exceptional Branch, May 7, webinar — Through real-world banking scenarios, reflection and peer discussion, managers will leave with clear, actionable tools they can immediately apply in their branches.
- Service Member Issues, May 8, webinar — An in-depth discussion of the legal and compliance issues surrounding military customers, including the Servicemember Civil Relief Act (SCRA) and Military Lending Act (MLA).
- Best-Ever Consumer Checklists, May 13, webinar — Financial institutions that properly use these checklists will virtually eliminate compliance errors.
- Endorsements A to Z for Tellers, May 14, webinar — Understanding endorsements and handling checks is crucial to making sound check-cashing decision.
- Preventing Social Engineering and Identity Theft, May 15, webinar — Social engineering is the craft of manipulating people into giving away secret information or performing certain actions that may jeopardize their security.