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The state officially began issuing electronic titles by default for title transactions at the beginning of this month, with limited exceptions. To ensure that you have a seamless experience, the Service Oklahoma team will continue to support you in the months ahead. Just email ELTaccounts@service.ok.gov if you have questions or need assistance with your OkCARS accounts. As a reminder, although …

Please note: We are shifting the Washington Visit dates to Sept. 14-16 (from the original Sept. 21-23), and the hotel will remain The Mayflower Hotel. The OBA staff and the OBA Executive Committee made this decision to accommodate adjusted Senate/House calendars. Click here to register online or submit the registration form available in the brochure. If you have any questions, contact Megan McGuire.

The federal banking agencies today issued updated host-state loan-to-deposit ratios that they will use to determine compliance with Section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act. Oklahoma stayed at 86% in the ratios released, same as last year, although a 10% jump from 2023. Section 109 prohibits banks from establishing or acquiring branches outside their home states …

The FDIC, Federal Reserve and Office of the Comptroller of the Currency issued on Monday a request for comment on potential actions to help consumers, businesses and financial institutions mitigate risks related to payments fraud, particularly check fraud. “Because payments fraud may involve multiple institutions and payment methods, no single agency or private-sector entity can address payments fraud on its …

After meeting with stakeholders, Service Oklahoma is adjusting how electronic titles will be administered when the transition begins next month. To accommodate dealer business needs, paper titles will now be issued by default during initial title transactions. This update was made in direct response to partner feedback and ensures dealers can continue their current processes without additional steps or notarization. …

The FDIC released guidance on Monday with steps intended to provide regulatory relief to financial institutions and facilitate recovery in seven states recently affected by natural disasters, including the wildfires in Oklahoma earlier in the spring. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties, including extending repayment terms, restructuring existing loans or easing terms …

In a letter to the Senate late last month, the American Bankers Association, the OBA and 51 other state bankers associations expressed strong opposition to any effort to attach the 10 Percent Credit Card Interest Rate Cap Act as a poison-pill amendment to the unrelated GENIUS Act or any other legislative vehicle. The associations outlined why the legislation, which would …

We first published this large withdrawal questionnaire and guidance in December 2024 and numerous member banks have since adopted use of these documents when they felt their customer was being victimized by a scam. With input from some of those users, we’ve made a few updates, which you can download in the links above. We’d also like to share a …

Legislation intended to reduce credit card interchange fees would lead to less access to credit and disproportionately harming low-income households because of reduced revenue for community banks and credit unions, according to a recently published academic report. The Credit Card Competition Act by Sens. Dick Durbin (D-Ill.) and Roger Marshall (R-Kan.) would impose new network routing mandates on financial institutions …

OKLAHOMA CITY — Steve Bagwell, president and CEO of Vision Bank, in Ada, was inducted as chair of the Oklahoma Bankers Association at the OBA’s 128th Convention on Wednesday, May 14, at the Skirvin Hilton in Oklahoma City. Bagwell is a 1987 graduate of Baylor University with a bachelor’s degree in economics. He has also completed graduate work in planning …