News

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 …

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 …

In This Issue… From Adrian’s desk … FDIC considers extended deadline for rule on use of its signage by banks COBA Oktoberfest Golf Tournament set for next week 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! •     …

During the OBA Washington Visit in September, the acting comptroller of the currency mentioned EGRPRA (The Economic Growth and Regulatory Paperwork Reduction Act), which elicited several questions from bankers. Ryan Portell, with the comptroller’s office, reached out to OBA Chair Alicia Wade late last week with some follow-up information. We’re sharing below what he had to say: The agencies have …

In This Issue… From Adrian’s desk … More information given on EGRPRA process Counterfeit check scam targeting attorneys Agencies announce thresholds for consumer credit, upper-level mortgage loans 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! •        …

In This Issue… From Adrian’s desk … Five bankers to make up 2024 class for Oklahoma Bankers Hall of Fame OBA schedules Oktoberfest Golf Tournament Salary survey results, ’25 OBA calendar available for purchase OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest to our …

The Oklahoma Bankers Hall of Fame today announced the four bankers who will be inducted into its 2024 class later this year. Guy Berry III, Herschel Brewster, Brad Krieger, and Gregg Vandaveer will make up the 2024 class. The inductees were selected by a panel of bankers from across the state, and were voted on late last week. (The late …

Effective Nov. 1, the U.S. Secret Service will no longer accept electronic submissions of suspected counterfeit notes via the USDollars website. The Registration and Submission option will be removed and no longer available. Open electronic submissions entered prior to Nov. 1, will be available to previously registered users. After Nov. 1, USDollars will continue accepting bulk submissions from banks currently …

In This Issue… From Adrian’s desk … Changes coming to counterfeit currency reporting CFPB releases FAQ on buy now, pay later products 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! •        •         • Just …

The Federal Housing Administration’s proposed implementation of a new rule removing the face-to-face meeting requirement for certain mortgagees could actually increase the complexity and risk of the borrower engagement process, the American Bankers Association and three associations said late last week in a joint letter to the agency. In August, FHA issued a final rule that made permanent a pandemic-related …