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 …
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Jackpotting problem continues
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 …
Read More »OBA dues invoices to be sent
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!
Read More »Week of Oct. 28
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 …
Read More »OBA, other state bankers associations ask for FCC action on illegal texts
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 …
Read More »Deposits at all institutions should be treated equally
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 …
Read More »CFPB finalizes Section 1033 rule
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 …
Read More »Week of Oct. 21
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 …
Read More »Agencies announce thresholds for consumer credit, upper-level mortgage loans
The Federal Reserve and Consumer Financial Protection Bureau recently announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2025 are subject to certain protections under Regulation Z, which implements the Truth in Lending Act, and Regulation M, which implements the Consumer Leasing Act. The agencies are required to adjust the thresholds annually based on …
Read More »FDIC considers extended deadline for rule on use of its signage by banks
The FDIC board will meet on Thursday to consider extending the compliance deadline for its final rule on the use of the agency’s name and logo by financial institutions. The FDIC last year adopted new requirements regarding the display of the official FDIC sign in banks and bank digital channels, setting a compliance deadline of Jan. 1, 2025. Earlier this …
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