News

According to frankonfraud.com, there is a rise in donation “Tap to Pay” fraud where consumers are approached in a parking lot (Target, WalMart, etc.) by individuals (scammers) requesting a small donation to help with <insert any sob story>. The victims believe they are donating $10 or $20, but the scammer is manipulating the transaction and billing them for thousands. Technically, …

Well, here we are – 2025 has finally arrived and, frankly, it seemed like it was never going to get here. The last couple of months of 2024 felt like the clock had stopped. Like the beginning of every new year, it’s a perfect time to reset and look forward with an optimistic view of what we’ll encounter in both …

In This Issue… From Adrian’s desk … Trump revokes AI, climate change rules on financial sector Trump names chairs, acting heads of several agencies, departments OBA, ABA to host webinar on national, state legislative issues OBA Bankers’ Night Out programs ready for spring OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some …

Renowned banker and philanthropist H.E. “Gene” Rainbolt passed away on Jan. 2. He was 95. Born in 1929 in Norman, Rainbolt started his banking career in 1959, acquiring his first bank in Purcell in 1962. In 1989, he founded BancFirst, now Oklahoma’s largest state-charter bank. He was also among the first class of the Oklahoma Bankers Hall of Fame. We …

The original January deadline for covered businesses to register their beneficial ownership information was put on hold following a order from the Fifth Circuit Court of Appeals on Dec. 26. On Dec. 23, the Fifth Circuit lifted a nationwide injunction issued by the district court judge earlier this month in a Texas lawsuit challenging the Corporate Transparency Act, which requires …

The OBA and the American Bankers Association will host a free webinar on Jan. 30, exclusively for Oklahoma bankers, to discuss the upcoming changes and opportunities presented at both the state and federal levels for the banking industry. New leadership coming to Washington presents many opportunities for the industry, and 2025 is certain to be a year of significant policy …

In This Issue… From Adrian’s desk … OBA, ABA, state bankers associations ask Trump to halt current regulatory actions Unauthorized tap-to-pay fraud increasing CFPB drops proposed ban on NSF fees for instant transactions Regional Housing Forums series scheduled Review your bank’s info for upcoming Directory of Banks; participate in director compensation survey OBA education corner … From Adrian’s desk … …

Various association, including the American Bankers Association, The Bank Policy Institute, Ohio Bankers League filed litigation in late December against the Federal Reserve, challenging aspects of the stress testing framework the Fed uses to establish certain bank capital requirements. The lawsuit is focused on the lack of transparency in the current stress testing process, with the groups challenging the “opaque …

In This Issue… From Adrian’s desk … Fed’s vice chairman for supervision announces retirement National Day of Mourning on Thursday; Fed closed, banks to remain open OBA, ABA to host webinar on national, state legislative issues OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest …

The Oklahoma Bankers Association, today, mourns the death – but celebrates the life – of prominent banker and Oklahoman Gene Rainbolt. Rainbolt was a leader and legend within the Oklahoma banking community, and truly among ALL Oklahomans as well. He was an inaugural inductee of the Oklahoma Bankers Hall of Fame in 2018, a chair of the OBA in 1970-71 …