Sunday, April 14, 2024

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Better Together: OBA convention open for registration!

The Oklahoma Bankers Association and its member banks are better together … it’s become a mantra of sorts during Bryan Cain’s year as OBA chair, and it’s the focus of our annual convention this year! Nearly 200 banks and 20,000 bank employees ARE better together, and we’d sure like to a see a large representative portion of those at our …

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OBA, ABA, other state associations ask CFPB to stop overdraft proposal

Warning that “consumers will lose” if the CFPB’s overdraft proposal is finalized, the OBA, American Bankers Association and all 51 other state bankers associations urged the Consumer Financial Protection Bureau via a joint comment letter on Monday to withdraw it. The proposal would re-classify overdraft as “credit,” despite Congress’ determination 50 years ago to the contrary, and would permit financial institutions to offer overdraft …

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FFIEC makes changes to Uniform Bank Performance Report

Federal Financial Institutions Examination Council member agencies are making several changes to the Uniform Bank Performance Report on or shortly after Monday, March 24. These changes are necessitated by the current expected credit losses methodology nomenclature changes to the March 2024 Call Reports, according to FFIEC.

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ABA, U.S. Chamber of Commerce file suit against CFPB’s late fees rule

The American Bankers Association joined the U.S. Chamber of Commerce and four business groups in filing a lawsuit in federal court on Thursday to challenge the Consumer Financial Protection Bureau’s new rule limiting credit card late fees. The plaintiffs are also seeking a preliminary injunction barring the bureau from implementing the new rule. Earlier last week, the CFPB issued a final rule …

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Interested in leading our Emerging Leaders?

The OBA is looking for bankers interested in serving as chairperson of the OBA Emerging Leaders Division. Any OBA Emerging Leaders who are currently enrolled in the OBA Emerging Leaders Academy or have previously graduated from an OBA Emerging Leaders Academy or OBA Leadership Academy are eligible for the position. The Emerging Leaders chair will serve a two-year term and …

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OBA to recognize 50-year club inductees

The OBA is proud to promote the recognition of bankers who have devoted 50 or more years of service to the banking industry. All eligible nominees will be honored at the 2024 OBA Convention on May 13-15 at the Skirvin-Hilton in Oklahoma City. Click here to download a nomination form. If you have any questions, please contact Janis Reeser at 405-424-5252 …

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Be aware of scams involving crytocurrency ATMs

OBA-member banks and banks across the nation are seeing an alarming increase in customers withdrawing large sums of cash and entering the cash into a local cryptocurrency ATM based on instructions received from a scammer. The Oklahoma Bankers Association urges our bankers to have conversations with their customers about these prolific scams. Bank employees should notify a supervisor when they …

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Keep customers alert about cryptocurrency scams

Cryptocurrency transactions are difficult to detect. Don’t let your customers fall into the trap. Bankers, help your customers be aware of common scam methods, so they can protect themselves. Download this poster provided by the U.S. Secret Service, and post it in your bank today!

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OBA Bankers’ Night Out programs ready for spring

Bankers Night Out

The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative …

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