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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 …

The Office for the Comptroller of the Currency is seeking public input on the key challenges and barriers faced by community banks in the adoption and implementation of digital banking solutions. The OCC said new technologies can be important tools for community banks to meet customer demand, increase revenue, improve efficiencies and remain competitive. The agency’s request for information will …

Sharon Lewis, with the OBA’s fraud division, has followed Frank McKenna (www.frankonfraud.com) for a long time. Frank is the chief innovation officer at Point Predictive, a lending confidence and risk management company. Point Predictive just released their 2025 Auto Lending Fraud Trends Report. Click here to download the report.  According to the report, did you know … the estimated fraud …

The latest edition of the OBA Directory of Banks is now available. This essential reference includes financial data, important information about all Oklahoma banks, savings and loans, savings banks and holding companies, key personnel by function and title, answers to rules and regulations, legislators, state and national agencies, courthouses, fast-find index and much more! Each Directory is $40 per copy for OBA-member …

For our members who found the Treasury Check Verification System portal difficult to enroll in or use, SentiLink is now offering access to their treasury check verification services free for anyone. Yes, this is correct 100% with no strings attached. It is for any financial institution and will provide access to their SentiLink dashboard where you can verify Treasury check …

The Consumer Financial Protection Bureau, in the past week has vacated and/or abandoned enforcement of a pair of rules. On Monday, the CFPB reached an agreement with the American Bankers Association and other plaintiffs to settle a lawsuit over its rule on credit card late fees. The CFPB last year issued a final rule to lower the safe harbor dollar …

In a court filing last week, the Consumer Financial Protection Bureau said its leadership has directed staff to initiate new rulemaking to implement Section 1071 of the Dodd-Frank Act and plans to soon release a proposal to possibly replace or change its current rule. The CFPB in 2023 released a final rule implementing Section 1071, which requires financial institutions to …

The bankers are back in town — and registration for the 2025 OBA Convention is officially open! Join us in Oklahoma City this May for the can’t-miss event of the year—packed with valuable sessions, networking, and a chance to reconnect with Oklahoma’s banking community. Whether you’re looking to expand your knowledge or simply enjoy a great time with fellow professionals, …