Friday, December 13, 2024

Homepage News

OBA Fraud department examining transition during upcoming year

As the calendar turned to 2023, it became evident the Oklahoma Bankers Association was going to celebrate an important milestone anniversary this year for one of its employees.       Elaine Dodd, the OBA’s resident fraud expert, will have her 20th anniversary at the beginning of October. Hired in 2003, Dodd’s work has surpassed all hopes and expectations the OBA leadership …

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OBA scholarship available for incoming Oklahoma college students

Stacked coins

Each year, the OBA awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the winning applicant. …

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ABA: Banks can’t fight check fraud alone

American Bankers Association SVP Paul Brenda relayed to CNBC how check fraud is one of the oldest scams in finance but it is still one of the most pressing. “Banks reported nearly 250,00 cases of check fraud nationwide in 2021,” cited by CNBC. Brenda reported the source of the issue as the inadequacies of the Postal Service to protect the …

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Southwest Oklahoma gets new fraud prevention group

The OBA is proud to report we have a new MAFIA group in Southwest Oklahoma. Detective David Folkert will host the new group at 9:30 a.m. on the third Wednesday of each month. Joy McGill, AARP, will be the speaker at the Feb. 15 meeting and you can be added to the roster to receive intelligence and meeting invitations by …

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OBA Bankers’ Night Out programs ready for spring

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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New Report Finds Increase in DDOS Attacks Targeting the Financial Services Industry

The continual change of DDoS demonstrates how this is far from over. “Working with our sector’s critical providers like Akamai, who have first-hand knowledge of how DDoS is affecting the financial sector, enables us to arm our members with the understanding and guidance they need to better protect their firms and customers,” said Teresa Walsh, Global Head of Intelligence at …

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Participate in our director compensation survey

The OBA is partnering with Blanchard Consulting Group for the 2023 Director CompensationSurvey, which is currently open for participation! This survey only includes financial institutions and focuses on director compensation for 2022, including meeting fees, committee fees, retainers, equity, benefits and total director compensation.  The survey also includes an assessment of chairperson fees and has ten director compensation trends questions.  Data …

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Federal Housing Finance Agency issues advisory on mortgage servicing rights

The Federal Housing Finance Agency last week released an advisory on the valuation of mortgage servicing rights for managing counterparty credit risk. The notice is intended to communicate FHFA’s supervisory expectations for Fannie Mae and Freddie Mac “to establish and implement risk management policies and procedures for monitoring and valuing seller/servicers’ mortgage servicing rights.” This bulletin only applies to MSRs …

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Review your bank’s information for OBA directory

Pen and paper

The Oklahoma Bankers Association Directory of Banks is again being produced this year by NFR Communications. To best serve you, we want to include the most up-to-date and accurate information about your bank, your branches and your staff. However, we need your help. To ensure we are using the most accurate information, please follow the instructions provided in the letter …

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