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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 …

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 …