The American Bankers Association and a group of trade associations appealed a recent Texas federal court decision holding that the Consumer Financial Protection Bureau’s Section 1071 final rule did not exceed the bureau’s authority or violate the APA. The associations also moved the Fifth Circuit for a stay pending appeal. Section 1071 of the Dodd-Frank Act amended the Equal Credit …

Earlier this week, the FBI issued a Private Industry Notification involving fraudulent emergency data requests. An emergency data request is from a government authority used in emergency circumstances to request information immediately from a business. The process also bypasses additional reviews of the request for legitimacy. What is most alarming about the alert is the indication cyber-criminals are selling guides …

In This Issue… From Adrian’s desk … ABA appeals Section 1071 ruling Oklahoma Bankers Hall of Fame Class set for induction 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! •        •         • I’m on …

We wanted to pass along another warning to our banks about how ATM jackpotting continues to be a problem in our area of the country and remains a serious threat. Jackpotting is gaining traction as ATMs in Van Buren, Arkansas, and Alma, Arkansas, were hit on Saturday These attacks allow the suspect to dispense cash from the ATM, without using …

Just a quick little message to let our members know invoices for our annual dues will be sent out at the beginning of November. Each bank CEO, as well as the bank’s cashier, will receive a copy of the invoice. If you have any questions, don’t hesitate to drop us a line!

In This Issue… From Adrian’s desk … Jackpotting problem continues OBA dues invoices to be sent later this week Deposits at all institutions should be treated equally Holiday closing signs available for banks OBA TikTok Time … OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of …

The OBA, alongside 51 of its fellow state bankers associations last week, urged the Federal Communications Commission to issue new rules to help stem the flow of illegal texts and calls to consumers. The rules had been scheduled to be considered during the FCC’s meeting on Sept. 26 but were removed from the agenda two days before the meeting. The …

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 …

The Consumer Financial Protection Bureau today issued its Section 1033 final rule, which deals with personal financial data rights. The rule will require financial institutions, credit card issuers and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request for free. The CFPB believes it will allow consumers to more …

In This Issue… From Adrian’s desk … CFPB finalizes Section 1033 rule OBA, other state bankers associations ask for FCC action on illegal texts FDIC issues press release on The First National Bank of Lindsay OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to …