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CrimeDex is an online network and alert system leveraged by thousands of fraud, loss prevention, and law enforcement professionals collaborating to prevent loss from complex financial crimes, organized retail crime, etc. CrimeDex allows professionals to share, search and leverage relevant information on criminal acts and subjects between businesses and law enforcement. Oklahoma formerly relied on the COCHA/EPCOR Alert Service or …

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The federal banking agencies rescinded existing risk management model guidance late last week and replaced it with revised principles that they said better account for a financial institution’s size and complexity. The new guidance by the Federal Reserve, FDIC and Office of the Comptroller of the Currency “clarifies that model risk management should be tailored commensurately to the size, complexity …

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 visit 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, …

The OBA has heard from bankers interested in serving as chair of the Emerging Leaders Division. This position is open to any OBA Emerging Leaders who are currently enrolled in OBA Emerging Leaders Academy or had previously graduated from an OBA Leadership Academy. The Emerging Leaders chair will serve a two-year term and will work closely with OBA staff to …

The OBA was proud to host Shred Fest in partnership with AARP Oklahoma and the Oklahoma County Sheriff’s Office, with special thanks to Absolute Data Shredding for providing secure on-site shredding services. AARP Oklahoma will also host additional shredding events on April 18 in Shawnee and Enid, April 22 in Edmond and May 2 in Tulsa. Thank you to everyone …

Banking regulators advanced three proposed rules last week to lower capital requirements for banks of all sizes as part of an effort to boost lending activity. The first proposed rule would implement the Basel III endgame agreement by revising the risk-based capital requirements for the largest banks. The second proposal would revise how the surcharge for globally systemically important banks, …

The Treasury Department recently announced the publication of three reports on efforts to combat financial crimes: the National Money Laundering Risk Assessment, the National Terrorist Financing Risk Assessment and the National Proliferation Financing Risk Assessment. It also released a report to Congress on technologies that financial institutions use to counter illicit finance involving digital assets. The risk assessments are the …

The FBI has issued reports regarding cyber threats in response to the U.S.- and Israel-launched strikes on Iran over the weekend. Here is information concerning these possible threats: Iranian Cyber Actors May Target Vulnerable U.S. Networks and Entities of Interest

The Federal Reserve will soon issue proposals to change the regulatory capital framework in ways that incentivize banks to originate and service mortgages, Vice Chair for Supervision Michelle Bowman said at ABA’s Conference for Community Bankers in Orlando this past Tuesday. Specifically, the proposals would “remove the requirement to deduct mortgage servicing assets from regulatory capital while maintaining the 250% …