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OBA President and CEO Roger Beverage, along with Oklahoma State Commissioner Mick Thompson, testified on Oct. 10 before the Medical Marijuana Working Group, made up of state lawmakers in the both the House and Senate. Beverage and Thompson discussed the difficulties facing Oklahoma banks in dealing with the burgeoning medical marijuana industry in the state. You can read the NewsOK …

The OBA Technology seminar, scheduled for Oct. 25, has been canceled. Full refunds will be given to those who have already registered. We apologize for any inconvenience. Contact the OBA education department if you need more information.

The iPhone app for the 2018 OBA Washington Visit is now available for download. You can download the OBA app, which provides location and times and other information for the event, by clicking here (for iTunes) or here (for Google Play). If you have any questions, please contact Jeremy Cowen at the OBA.

Many of our bankers have expressed concerns over the newly passed medical marijuana laws by Oklahoma. One of those concerns has to do with the issues of an employee who has a license for medical marijuana use. The Oklahoman ran an article today discussing those issues with the State Chamber of Oklahoma. You can read the article by clicking here …

Earlier this year, the Bureau of Consumer Financial Protection fired the 19 members of the Community Banker Advisory Board created during the Richard Cordray era as required by Dodd-Frank. The Bureau then tried to re-create a smaller group in an effort to bring in more diverse views and exclude national advocacy organizations. The restructured CBAB is much smaller – seven …

Five federal financial regulatory agencies extended until Oct. 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the “Volcker rule.” The Volcker rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds. With the extension, the Federal Reserve Board, the Commodity Futures …

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $60.2 billion in the second quarter of 2018, up $12.1 billion (25.1 percent) from a year ago. Oklahoma banks showed an increased of more than $100 million in the second quarter of 2018 compared to the same time period in 2017: from $593 …

Recently, the Oklahoma Bankers Association and Oklahoma County Sheriff’s Office joined forces for a webinar concerning elder abuse, including the financial aspects of such abuse. The webinar featured the OBA’s Elaine Dodd, and gave great insight on what banks can do to help fight scams against older Americans. Click here to access the replay of the webinar.

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. As in the past, the schedule for …

The Oklahoma City Dodgers baseball club is offering a special package for all bankers employed at OBA-member banks. Bankers can get field seats for the Aug. 23 game against the Omaha Storm Chasers, a Corey Seager straw tumbler, a limited edition OKC Dodgers baseball cap and $4 worth of Dodger Dollars pre-loaded onto each ticket, all for the cost of …